Meta Media Holdings Limited announced that Dr. Cheng Chi Kong, Adrian has been appointed as a non-executive Director and a Co-chairman of the Board with effect from 16 February 2023. The biographical details of Dr. Cheng are as follows: Dr. Cheng, aged 43, is an honorary vice-chairman of and chief strategic advisor to the Group. Dr. Cheng has been appointed as a non-executive Director and a Co-chairman of the Board with effect from 16 February 2023.

Dr. Cheng was a non-executive Director from 1 April 2013 to 26 August 2017. Dr. Cheng is an executive director, executive vice-chairman and chief executive officer of New World Development Company Limited (the "New World") (stock code: 17), chairman and non-executive director of Arta TechFin Corporation Limited and New World Department Store China Limited (stock code: 825), executive director of NWS Holdings Limited (stock code: 659) and Chow Tai Fook Jewellery Group Limited (stock code: 1929), all being companies listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). He was a non-executive director of New Century Healthcare Holding Co.

Limited (stock code: 1518), up to his resignation on 1 June 2022 and he was a non-executive director of Giordano International Limited (stock code: 709), until his resignation with effect from 1 December 2022, all being companies listed on the Main Board of the Stock Exchange. Following the appointment of Dr. Cheng as a non-executive Director and a Co-chairman of the Board, the Company shall have more than one chairman, and accordingly, Mr. Shao Zhong ("Mr. Shao") has, on 16 February 2023, been re-designated from the Chairman of the Board to a Co-chairman of the Board. Mr. Shao will also continue to serve as an executive Director and Chief Executive Officer of the Company.

Following the re-designation, Mr. Shao as a Co-chairman of the Board will jointly provide leadership to and oversee the management of the Board with Dr. Cheng, and focus even more on overall corporate strategies, policy-formulating, instilling corporate philosophy as well as strategic planning, development and expansion of the Group's new media businesses. Mr. Shao and Dr. Cheng will jointly undertake and perform the roles of the Co-chairman of the Board for the purposes of the Corporate Governance Code (as set out in Appendix 14 to the Listing Rules) and the Listing Rules, respectively.