The Board of LKS Holding Group Limited announced that with effect from 20 May 2021, Mr. Liu Zhancheng and Ms. Qin Mingyue have been appointed as executive Directors of the Company. Mr. Liu Zhancheng, aged 46, is the sole beneficial owner and sole director of the Offeror, which owns 72.05% of the issued Shares of the Company as at the date of this joint announcement. Mr. Liu obtained a bachelor's degree in management from Shandong College of Finance and Economics in the PRC in 2005, and a master's degree in engineering from Ocean University of China in the PRC in 2013. Since 2009, Mr. Liu has started his business ventures and had founded Shandong Fujincheng Investment Limited ("Shandong Fujincheng") in the PRC. Mr. Liu has been a director and general manager of Shandong Fujincheng since 2009.