The board of directors of Sun Kong Holdings Limited announces that: Mr. Ho Cheung Kong ("Mr. Ho") resigned as an independent non-executive Director with effect from 1 September 2022 as he wishes to devote more time to his other business engagements. Upon his resignation, Mr. Ho ceased to be the Chairman and member of each of the Audit committee and Remuneration committee respectively. Following the resignation of Mr. Ho, and as at the date of this announcement, the Board of the Company announce that Mr. Chan Ting Fung ("Mr. Chan") has been appointed as an Independent Non-executive Director, a member of each of the Audit and Remuneration committee of the Company with effect from 1 September 2022.

Mr. Chan, aged 38, obtained a bachelor's degree in Law from the Jinan University of Guangzhou in 2007. He has been working in the legal field for more than 14 years, with extensive experience in handling commercial matters in the mainland China, including merger and acquisition, joint ventures, finance, logistics, international trade, intellectual property, real estate and construction, employment, investment and cross-border dispute resolution. Mr. Chan has been appointed as an independent non-executive director of Kingkey Financial International (Holding) Limited.

The Board further announces the following changes in the composition of various board committees of the Company, with effect from 1 September 2022: Mr. Wong Ka Chun Matthew (" Mr. Wong ") was appointed as the Chairman of the Audit Committee; and Mr. Chan was appointed as a member of each of the Audit and Remuneration committee of the Company.