P.B. Group Limited announced that in accordance with the Company's Articles of Association, Mr. Zhang Kun, an independent non-executive Director, will retire from office of Directors by rotation at the forthcoming annual general meeting currently proposed to be held on 24 June 2022 and Mr. Zhang has indicated that he will not offer himself for re-election due to his personal commitments on his other business and accordingly will retire as an independent non-executive Director upon the conclusion of the said forthcoming AGM. Mr. Zhang has confirmed that he has no disagreement with the Board and there are no any matters that need to be brought to the attention of the holders of securities of the Company in respect of his retirement.