Century International : Change of Independent Non Executive Director and Changes of Composition of the Board Committees

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Century Group International Holdings Limited

世 紀 集 團 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2113)

CHANGE OF INDEPENDENT NON-EXECUTIVE DIRECTOR

AND

CHANGES OF COMPOSITION OF THE BOARD COMMITTEES

The Board would like to announce the following changes with effect from 8 October 2021:

1. Mr. Tang Chi Wai has tendered his resignation as an independent non-executive Director, chairman and member of the audit committee, and member of the nomination committee and remuneration committee of the Company; and
2. Ms. Lam Yuen Man has been appointed as independent non-executive Director, chairman and member of the audit committee, and member of the nomination committee and remuneration committee of the Company.

The board (the "Board") of directors (the "Director(s)") of Century Group International Holdings Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that Mr. Tang Chi Wai ("Mr. Tang") has tendered his resignation as an independent non-executive Director, chairman and member of the audit committee, and member of the nomination committee and remuneration committee of the Company all with effect from 8 October 2021 as he desires to devote more time to his other business commitments.

Mr. Tang has confirmed that he has no claims against the Company in respect of his resignation and has no disagreement with the Board. There are no matters in relation to his resignation which should be brought to the attention of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the shareholders of the Company (the "Shareholders"). The Board is also not aware of any such matters in relation to his resignation that need to be bought to the attention of the Stock Exchange and the Shareholders.

The Board wishes to express its gratitude to Mr. Tang for his contribution to the Company during the tenure of his service.

The Board would like to announce the appointment of Ms. Lam Yuen Man Maria ("Ms. Lam") as an independent non-executive Director, chairman and member of the audit committee, and member of the nomination committee and remuneration committee of the Company all with effect from 8 October 2021.

The biography of Ms. Lam is set out as follows:

Ms. Lam, aged 51, holds a bachelor degree in Accountancy from The Hong Kong Polytechnic University, a master degree in Management from the Macquarie University and a master degree in Applied Psychology from City University of Hong Kong. She is a fellow member of the Association of Chartered Certified Accountants and an associate member of the Hong Kong Institute of Certified Public Accountants, the Hong Kong Institute of Chartered Secretaries, the Chartered Governance Institute (formerly the Institute of Chartered Secretaries and Administrators) and the Chartered Institute of Arbitrators. She is also an accredited mediator of the Hong Kong Mediation Accreditation Association Limited, a member and a qualified graphologist of the British Institute of Graphologists.

Ms. Lam is currently an independent non-executive director of Aurum Pacific (China) Group Limited (Stock Code: 8148), the shares of which are listed on GEM of the Stock Exchange.

Prior to joining the Board, Ms. Lam has worked with an international accounting firm and other leading listed and private group of companies and has extensive experience in company secretarial practice, assurance, treasury and finance. She is currently providing management consultancy and corporate secretarial services to listed issuers and private companies, and graphology consultancy and training services.

A letter of appointment has been entered into between Ms. Lam and the Company for an initial term of three years commencing from 8 October 2021, which is renewable for a successive term of three years upon expiry of every term of his appointment, unless terminated in accordance with the terms of the appointment letter. Pursuant to the articles of association of the Company, Ms. Lam will hold office only until the next general meeting of the Company and shall then be eligible for re-election. Thereafter, she will be subject to retirement by rotation and re-election at the general meetings of the Company according to the articles of association of the Company.

Ms. Lam is entitled to an annual emolument of HK$120,000 which has been determined by the Board on recommendation of the remuneration committee with reference to her qualifications, experience, duties and responsibilities with the Company, the performance of the Group and the prevailing market conditions.

Save as disclosed above, as of the date of this announcement, Ms. Lam has not held any other directorship in other public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years preceding the date of this announcement or any other major appointments and professional qualifications. She does not hold any other positions in the Company and other members of the Group. She does not have any other relationship with any other Directors, senior management, substantial shareholders or controlling shareholders (within the meaning of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules")) of the Company and does not have any interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed in this announcement, Ms. Lam confirmed that there is no other information which requires to be disclosed pursuant to Rule 13.51(2) of the Listing Rules nor is there any other matter regarding their appointment that need to be brought to the attention of the Shareholders.

The Board would like to take this opportunity to warmly welcome Ms. Lam to the Board.

By Order of the Board

Century Group International Holdings Limited

Wang Feng

Chairman

Hong Kong, 8 October 2021

As at the date of this announcement, the Board comprises Mr. Wang Feng, Mr. Man Wai Lun, as executive Directors and Mr. Law Ka Ming Michael, Mr. Chung Man Lai and Ms. Lam Yuen Man Maria as independent non-executive Directors.