The board of directors of Dragon King Group Holdings Limited announced that with effect from 6 October 2022, Mr. Chan Ko Cheung has resigned as an executive director and chairman of the Company and has ceased to be the chairman of the nomination committee and member of the remuneration committee of the board of the Company and the authorised representative for the purpose of Rule 5.24 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited and the authorised representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong as required under Rule 24.05(2) of the GEM Listing Rules of the Stock Exchange and the Companies Ordinance, Chapter 622 of the Laws of Hong Kong of the Company in pursuit more time to his other personal commitments and work arrangement. Mr. Chan has confirmed that he has no disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The Board announced that Ms. Shen Taiju, an executive director of the Company, has been appointed as chairman of the Company and an Authorised Representative with effect from 6 October 2022.

The Board announced that with effect from 6 October 2022, Ms. Shen has been appointed as the chairman of the nomination committee of the Board of the Company.