WT Group Holdings Limited announced that Mr. Kam Kin Bun ("Mr. Kam"), who will retire as an executive director of the Company at the conclusion of the forthcoming annual general meeting of the Company (the "2023 AGM"), decided not to seek for re-election as an executive director at the 2023 AGM which is expected to be held in December 2023 (the "Retirement") due to his intention to concentrate on the daily operations and business of Wai Tat Foundation & Engineering Limited ("Wai Tat"), the operating subsidiary of the Company. Mr. Kam will remain as a director of Wai Tat.