The board of directors of KNK Holdings Limited announced that Mr. Zhou Renchao (Mr. Zhou) has been appointed as an executive Director and the Chairman of the Company with effect from 1 September 2022. Mr. Zhou graduated from the University of Electronic Science and Technology of China in 2005 with a bachelor's degree in Computer Networking. Mr. Zhou has more than 15 years of experience in enterprise management and technology industries.

In July 2019, Mr. Zhou co-founded Come Ride Internet Technology (Shenzhen) Co., Ltd, and in September 2018, Mr. Zhou co-founded Avanti Blockchain Technology (Shenzhen) Co. Ltd. to undertake the development of computer software, blockchain technology and new energy battery technology business. Mr. Zhou co-founded Yunnan Guanke Information Technology Co.

Ltd. from 2008 to 2018 to undertake the development and application of computer software and hardware business. Mr. Zhou joined Chengdu Avanti Technology Co. Ltd. (Chengdu Avanti) in 2006.

In October 2008, Mr. Zhou acquired majority interest in Chengdu Avanti to undertake the development of computer software, and computer system services business. The Board announced that Mr. Zhou aged 40 as at the date of the Announcement.