Dragon King Group Holdings Limited planed to launch a new light catering brand in China which mainly serves customers with catering robots to improve the quality and efficiency of catering services, and considers increasing market share by way of franchises. To align with the aforesaid business development of the Group, the Company has recruited business presidents for China, including Mr. Hu Dake, Mr. Cai Enran, Mr. Wu Guisheng, Mr. Kong Xuefeng, Mr. Li Jinxiang, Mr. Yang Guangjie, and Mr. Wang Peichun, to expand franchisees of the new catering brand and develop the robot business. All of them have extensive experience in the marketing field in China and have proven track record of marketing.

The Company believes that their joining will be beneficial to the growth of the business of the Group.