The board of directors of KNK Holdings Limited announced that the board has accepted the resignation of Mr. Poon Kai Kit, Joe as executive Director and authorized representative of the company with effect from 25 August 2021 for the reason that he requires more time to pursue his other business engagement. Reference is made to the announcement of the company dated 23 August 2021 in relation to retirement of director. Unless otherwise defined herein, capitalized terms used herein shall have the same meanings as those defined in the Announcement. Mr. Lee Pui Chung has retired as an independent non-executive director of the company with effect from the conclusion of the annual general meeting ("AGM") held on 23 August 2021. Mr. Lee retired from the Board and did not offer himself for re-election at the AGM as he required more time to pursue his other business engagement.