The Board of Chong Kin Group Holdings Limited announces that, with effect immediately after the close of the Offer on 12 January 2018 Mr. Cheung Yuk Kei has resigned as executive Director and the co-chairman of the company; Mr. Cheung Man Tim has resigned as executive Director and the chief executive officer of the company; Mr. Fung Chi Chung has resigned as executive Director; and Mr. Miu Hon Kit, Mr. Leung Chi Wai and Mr. Seid Ka Him have resigned as independent non-executive Directors. Mr. Y.K. Cheung has ceased to act as the co-chairman of the Company. Mr. Zhang Jinbing, an executive Director and co-chairman of the Company, has been re-designated as the chairman of the Company with effect from 12 January 2018.

Mr. Miu has resigned as the chairperson of the audit committee of the Company and Mr. Leung and Mr. Seid have resigned as members of the Audit Committee. Mr. Tse Chi Wai, an independent non-executive Director, has been appointed as the chairman of the Audit Committee and Dr. Zhu Zhengfu and Dr. Li Yifei, independent non-executive Directors, have been appointed as members of the Audit Committee. Mr. Leung has resigned as the chairperson of the remuneration committee of the Company and Mr. M.T. Cheung and Mr. Seid have resigned as members of the Remuneration Committee.

Mr. Tse has been appointed as the chairman of the Remuneration Committee and Dr. Zhu and Dr. Li have been appointed as members of the Remuneration Committee. Mr. Y.K. Cheung has resigned as the chairperson of the nomination committee of the Company and Mr. Leung and Mr. Seid have resigned as members of the Nomination Committee. Mr. Zhang has been appointed as the chairman of the Nomination Committee and Mr. Tse, Dr. Zhu and Dr. Li have been appointed as members of the Nomination Committee.

Mr. M.T. Cheung has ceased to act as the chief executive officer of the Company. Mr. Zhang, an executive Director and the chairman of the Board, has been appointed as the chief executive officer of the Company with effect from 12 January 2018. The Board announces that Ms. Yu Pik So has resigned from her position as the company secretary of the Company with effect from 12 January 2018 and Ms. Lee Eva has been appointed as the company secretary of the Company with effect from 12 January 2018.

Ms. Lee is admitted as a solicitor in Hong Kong and focusing on capital markets and corporate finance work. She is also a member of the Hong Kong Institute of Directors. Ms. Lee graduated from the London School of Economic and Political Science with Masters of Laws (Distinction).

The Board announces that with effect from 12 January 2018, Mr. M. T. Cheung and Mr. Fung ceased to be the authorised representatives of the Company under Rule 3.05 of the Listing Rules; Adrian Yeung & Cheng ceased to be the authorised representative under Part 16 of the Companies Ordinance of the Company; Mr. Zhang and Ms. Lee have been appointed as the authorised representatives of the Company under Rule 3.05 of the Listing Rules; and Mr. Zhang has been appointed as the authorised representative under Part 16 of the Companies Ordinance of the Company.