Wenye Group Holdings Limited announce that Mr. Kong Guojing has been appointed as executive Director and co-Chairman of the Company, with effect from 6 June 2023. Kong Guojing, 59 years old, has been engaged in social enterprises and corporate management and operation for more than 20 years. He has extensive experience in internal and external management such as company investment planning, policy deployment and asset management service and actively serve the society through charity and public welfare work.

He also has extensive experience and resources in project management in the construction industry. From 1995 to 1997, he was the general manager of branch office of Shenzhen Tegeta Decoration Design & Engineering Co. Ltd. and was the general manager of the business development department of Shenzhen Ping Wing Construction Co.

Ltd.from 1998 to 2006. In 2006, he served as the chairman of Zhikang Special Children's Rehabilitation Center in Longgang District, Shenzhen. The center was rated as a 5A-level social organization and an advanced social organization for the disabled in Shenzhen.

In 2007, he served as the vice president of Shenzhen Longgang Luhe Enterprise Association and served as the chairman of Shenzhen Weida Property Management Co. Ltd. from 2009 to 2020. In 2013, he became the honorary vice president of Shenzhen Business Red Cross Society and was awarded the honour of "Helping the Disabled and Caring Model" by Shenzhen Longgang District Disabled Persons' Federation in 2016.

In 2022, he became the honorary president of the Luhe County Table Tennis Association. The Company has entered into a letter of appointment with Mr. Kong with effect from 6 June 2023. Mr. Kong is entitled to a director's fee of RMB 315,600 per annum, which was determined by the Board after considering a range of factors including his qualifications, experience, duties and responsibilities, the prevailing market conditions and the recommendation from the remuneration committee.

Mr. Kong is appointed for an initial term of one year, which will be automatically renewed for one year upon expiry of his term of office. Either party to the letter of appointment may terminate the appointment by giving the other party one month's written notice. Mr. Kong will hold office until the next general meeting of the Company after his appointment and is subject to retirement by rotation and re-election at the general meetings of the Company in accordance with the articles of association of the Company.

Save as disclosed above, Mr. Kong confirms that as at the date of this announcement, he (i) did not hold any directorships in the last three years in public companies, the securities of which are listed on any securities market in Hong Kong or overseas; (ii) does not have any other major appointments and professional qualifications; (iii) does not hold any other positions with the Company or any member of the Group; (iv) does not have any relationships with any Directors, senior management or substantial or controlling shareholders of the Company; (v) does not have any interests in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); and (vi) is not aware of any additional information that is required to be disclosed pursuant to the requirements under Rule 13.51(2)(h) to (x) of the Listing Rules.