The board of directors of K Group Holdings Limited announced that Mr. Zhou Junqi (Mr. Zhou) and Ms. Huang Qingrong (Ms. Huang) have been appointed as the independent non-executive directors of the Company with effect from 9 April 2021. Mr. Zhou was the executive director and general manager of Zhongshan Tiansen Beidou Communication Technology Co. Ltd. from August 2017 to January 2020. Mr. Zhou was also the executive director and general manager of Zhongshan Jiayuan Enterprise Management Co. Ltd. from December 2016 to January 2020. Mr. Zhou has entered into a letter of appointment with the Company commencing on 9 April 2021 for a term of 3 years. Mr. Zhou is subject to retirement and re-election at the next following annual general meeting of the Company after his appointment and thereafter subject to retirement by rotation and re-election at least once in every three years in accordance with the articles of association of the Company. Mr. Zhou is entitled to an annual remuneration of HKD 18,000, which was determined by the Board by reference to his responsibilities, workload and time devoted to the Group and the performance of the Group and may be adjusted by the Board subject to the recommendations of the remuneration committee of the Company and the resolutions of the shareholders of the Company at a general meeting.