Dragon King Group Holdings Limited announced that Mr. Lee Yiu Keung and Mr. Wang Jingan were retired by rotation as an independent non- executive Director in accordance with the Cayman Islands law and the Resolutions. Due to the retirement, Mr. Lee is ceased to be the chairman of the remuneration committee and a member of each of the audit committee and nomination committee of the Board, Mr. Wang is ceased to be the member of each of the audit committee, remuneration committee and nomination committee of the Board. Both Mr. Lee, Mr. Wang and the Board are not aware of any matter relating to the their retirement that needs to be brought to the attention of the Shareholders and the Stock Exchange.