The Board of King Force Group Holdings Limited announced that, with effect from 12 July 2018: each of Mr. Cheng Rui, Ms. Li Liping and Mr. Chen Yunchuo has resigned as executive Directors; each of Mr. Xiong Hong, Mr. Wan Tat Wai David and Mr. Ho Yuk Ming Hugo has resigned as independent non-executive Directors; each of Ms. Pang Xiaoli, Mr. Hon Hoi Chuen and Ms. Lin Shuxian has been appointed as executive Directors; and each of Ms. Guan Yan, Mr. Zhao Jinsong and Mr. Li Zhongfei has been appointed as independent non-executive Directors. Mr. Xiong Hong had tendered his resignation subsequent to the latest practicable date prior to the issue of the Composite Offer Document, and Mr. Li Mingming, an executive Director who had tendered his resignation prior to the latest practicable date prior to the issue of the Composite Offer Document, has withdrawn his resignation and this withdrawal was accepted by the Board. Mr. Li Mingming will therefore continue to act as an executive Director. Following the resignation of Mr. Chen Yunchuo, an executive Director, Mr. Chen Yunchuo has ceased to act as the chairman of the Board. Ms. Pang Xiaoli has therefore been appointed as the chairman of the Board with effect from 12 July 2018 to replace Mr. Chen Yunchuo. The Board announces that, with effect from 12 July 2018: Audit Committee: following the resignation of Mr. Xiong Hong, Mr. Wan Tat Wai David and Mr. Ho Yuk Ming Hugo as independent non-executive Directors, Mr. Ho Yuk Ming Hugo has ceased to be the chairman of the Audit Committee, and each of Mr. Xiong Hong and Mr. Wan Tat Wai David has ceased to be a member of the Audit Committee; Mr. Zhao Jinsong, an independent non-executive Director, has been appointed as the chairman of the Audit Committee; each of Ms. Guan Yan and Mr. Li Zhongfei, an independent non-executive Director, has been appointed as a member of the Audit Committee; each of Ms. Guan Yan and Mr. Li Zhongfei, an independent non-executive Director, has been appointed as a member of the Audit Committee. Remuneration Committee: following the resignation of Mr. Xiong Hong, Mr. Wan Tat Wai David and Mr. Ho Yuk Ming Hugo as independent non-executive Directors, Mr. Ho Yuk Ming Hugo has ceased to be the chairman of the Remuneration Committee, and each of Mr. Xiong Hong and Mr. Wan Tat Wai David has ceased to be a member of the Remuneration Committee; Mr. Li Zhongfei, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee; each of Ms. Guan Yan and Mr. Zhao Jinsong, an independent non-executive Director, has been appointed as a member of the Remuneration Committee. Nomination Committee: following the resignation of Mr. Chen Yunchuo as an executive Director, and Mr. Xiong Hong, Mr. Wan Tat Wai David and Mr. Ho Yuk Ming Hugo as independent non-executive Directors, Mr. Chen Yunchuo has ceased to be the chairman of the Nomination Committee, and each of Mr. Ho Yuk Ming Hugo, Mr. Xiong Hong and Mr. Wan Tat Wai David has ceased to be a member of the Nomination Committee; Ms. Pang Xiaoli, an executive Director and the chairman of the Board, has been appointed as the chairman of the Nomination Committee; and each of Mr. Zhao Jinsong and Mr. Li Zhongfei, an independent non-executive Director, has been appointed as a member of the Nomination Committee. The board announces that Mr. Wong Ka Shing has resigned from his position as the company secretary of the Company with effect from 12 July 2018 and Ms. Lam Yuen Ling Eva has been appointed as the company secretary of the Company with effect from 12 July 2018. Following the resignation of Mr. Chen Yunchuo, an executive Director, Mr. Chen Yunchuo has also ceased to be the Company's compliance officer. With effect from 12 July 2018, Ms. Pang Xiaoli, the chairman of the Board and an executive Director, has been appointed as the Company's compliance officer for the purpose of Rule 5.19 of the GEM Listing Rules. Ms. Pang Xiaoli, aged 40, is the executive director and chief financial officer of Great Walle Investment. She joined Great Walle Investment in May 2013. Mr. Hon Hoi Chuen, aged 43, is the executive director of Great Walle Investment. Ms. Lin Shuxian, aged 36, is the deputy investment director of the Investment Department at Great Walle Investment. Ms. Guan Yan, from January 2008 to March 2018, Ms. Guan held various positions at Shearman & Sterling, Hong Kong Office (including legal assistant, registered foreign lawyer, assistant solicitor and consultant). Mr. Zhao Jinsong, aged 42, worked in Shenzhen Branch, National Audit Office of the People's Republic of China from July 2000 to June 2017, and his last position was the Commissioner of that office. Mr. Li Zhongfei, aged 54, is currently a professor, executive dean and head of Sun Yat-sen Business School and dean of Academy of Entrepreneurship of Sun Yat-sen University in the PRC. Mr. Li is also a member of editorial board of Journal of Sun Yat-sen University (Social Science Edition). Ms. Lam Yuen Ling Eva is currently a director of BMI Listed Corporate Services Limited and is responsible for supervising the company secretarial teams to provide full range of listed and private company secretarial services to clients.