K Group Holdings Limited announced that with effect from 6 June 2022: Mr. Ong King Keung resigned as an independent non-executive Director, the chairman of Audit Committee and the member of each of Remuneration Committee and Nomination Committee; and Mr. Chau Wing Nam was appointed as an independent non-executive Director, the chairman of Audit Committee and the member of each of Remuneration Committee and Nomination Committee. Mr. Ong tendered his resignation due to personal reasons. Mr. Ong confirmed that he did not have any disagreement with the Board and there was no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited .

The Board would like to express its sincere gratitude to Mr. Ong for his contribution to the Company during his respective tenure of office. The Board further announces that with effect from 6 June 2022, Mr. Chau Wing Nam was appointed as an independent non-executive Director, the chairman of Audit Committee and the member of each of Remuneration Committee and Nomination Committee. Mr. Chau, aged 34, obtained his Bachelor's degree in Accounting and Accounting Technologies from the Curtin University of Technology in August 2012.

He has been a member of Hong Kong Institute of Certified Public Accountants since May 2017. He has over ten years of experience in auditing, accounting and corporate management and is currently responsible for corporate finance, mergers and acquisitions matters, investors relations, corporate governance as well as compliance affairs. Pursuant to the letter of appointment entered into between Mr. Chau and the Company, Mr. Chau is appointed as an independent non-executive Director for a term of three years with effect from 6 June 2022 subject to early termination in accordance with the terms of the Chau's Appointment Letter.

Mr. Chau is also subject to retirement by rotation and re-election and other related provisions as stipulated in the articles of association of the Company and the Rules Governing the Listing of Securities on GEM of the Stock Exchange . Mr. Chau is entitled to an annual remuneration of HKD120,000 under the Chau's Appointment Letter which was determined with reference to his role, qualification, level of experience, the contribution to be made by him to the Company and the prevailing market conditions. Save as disclosed above, Mr. Chau does not hold any other major appointments or qualifications; and does not hold other positions in the Company or other members of the Group.

Mr. Chau has not held any directorship in any other publicly listed companies in the last three years. As at the date of this announcement, Mr. Chau has no relationships with any Director, senior management, substantial or controlling shareholder of the Company.