The Board of Legend Strategy International Holdings Group Company Limited announced that with effect from 3 November 2022: Mr. Chen Wu has resigned as an executive Director and the Chief Executive Officer; Mr. Chung Tin Yan has been appointed as the Chief Executive Officer; and Mr. Chen Wu has ceased to act as an Authorised Representative and a Process Agent. Following the cessation of the above roles of Mr. Chen Wu, Mr. Hu Xinglong, a non-executive Director, has been appointed as an Authorised Representative and a Process Agent. The board (the "Board") of directors (the "Director(s)") of Legend Strategy International Holdings Group Company Limited (the "Company") announces that Mr. Chen Wu ("Mr. Chen") has tendered his resignation as an executive Director and the Chief Executive Officer of the Company (the "Chief Executive Officer") with effect from 3 November 2022 due to his desire to devote more time to his personal affairs.

By virtue of mutual agreement between the Company and Mr. Chen, the service contract entered into between the Company and Mr. Chen for the appointment of Mr. Chen as an executive Director and the Chief Executive Officer dated 20 March 2020 has been terminated effect from 3 November 2022. The Board further announces that Mr. Chung Tin Yan ("Mr. Chung") has been appointed as the Chief Executive Officer with effect from 3 November 2022. Mr. Chung, aged 38, was appointed as an Executive Director and Chief Financial Officer of the Company in December 2019, following the appointment as the financial controller and the company secretary of the Company in February 2017.

Mr. Chung graduated from the Hong Kong Polytechnic University with a degree of Bachelor of Arts in Accountancy in 2005. He has over 16 years of experience in finance, investment, mergers and acquisitions, compliance, internal control, auditing and accounting. Prior to joining the Company, Mr. Chung held various senior positions mainly responsible for business analysis in the management team of the Chief Operating Officer with Hutchison Telecommunications Hong Kong Holdings Limited (stock code: 0215).

He has also worked as an audit manager at Deloitte Touche Tohmatsu. Mr. Chung has extensive experience in corporate finance and fund raising activities in both Hong Kong and the United States. He is a member of Hong Kong Institute of Certified Public Accountants and Hong Kong Securities and Investment Institute.

He has also been acting as a subcommittee member of the Association of Chartered Certified Accountants since November 2021.