Loto Interactive Limited announced that with effect from 19 August 2022 Mr. Li Hongbin and Mr. Huang Yibin has been appointed as an Executive Director. Mr. Li, aged 55, graduated from Sun Yat-Sen University with a bachelor's degree in library science in 1989. From 1998 to 2017, Mr. Li worked as a general manager in various industries including companies principally engaged in the business of building materials trading and water sports events organizing and management.

From 2017 up to and including the date of this joint announcement, Mr. Li has been a partner of Shenzhen Xianlin Cultural Industry Investment Company Limited which is a company principally engaged in investment activities in cultural industries. While Mr. Li Hongbin does not have direct relevant experience in the industry in which the Group is principally engaged, the Offeror considered that his experience as a managerial role in various industries would enable him to provide advice in the areas of overall strategic development and major business decision making to the Company. Mr. Huang, aged 54, graduated from South China University of Technology with a bachelor's degree in radio engineering in 1990.

Mr. Huang has over 32 years of experience in digital infrastructure planning, business development and operation at both domestic and international levels. From 2018 up to and including the date of this joint announcement, Mr. Huang has been working as a general manager of P&W Limited, a company principally engaged in the provision of consultancy services on digital infrastructure business including market research,business strategy and infrastructure design, construction and operation. Given the extensive experience of Mr. Huang Yibin in digital infrastructure business, the Offeror considered that Mr. Huang Yibin has relevant experience in the Group's business.