K Group Holdings Limited announced with eddect from June 24, 2021 that Mr. Liu Junjie has been appointed as the non-executive Director and the Vice-Chairman of the Board; Mr. Zhou Junqi has been re-designated from an independent non-executive Director to an executive Director and appointed as the Chairman of the Board. Due to his re-designation, Mr. Zhou Junqi ceased to be the chairman of the Remuneration Committee and member of each of Audit Committee and Nomination Committee; and Ms. Huang Qingrong has been appointed as the chairlady of the Remuneration Committee.