Hybrid Kinetic : RESIGNATION OF EXECUTIVE DIRECTOR

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HYBRID KINETIC GROUP LIMITED

正 道 集 團 有 限 公 司

(incorporated in Bermuda with limited liability)

(Stock code: 1188)

RESIGNATION OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of Hybrid Kinetic Group Limited (the "Company", together with its subsidiaries, the "Group") announces that Dr Wang Chuantao ("Dr Wang") has reached his retirement age and has tendered his resignation as executive director of the Company, which is to take effect on 1 May 2021. Due to his resignation, Dr Wang will cease to be the deputy chairman of the Company and cease to hold any position within the Group with effect from 1 May 2021.

Dr Wang confirmed that he had no disagreement with the Board, and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company.

The Board would like to express its sincere gratitude to Dr Wang for his valuable contribution to the Group during his tenure of office.

By order of the Board

Hybrid Kinetic Group Limited

正道集團有限公司

Yeung Yung

Chairman

Hong Kong, 30 April 2021

As at the date of this announcement, the Board comprises eight executive Directors, namely Dr Yeung Yung (Chairman), Mr Feng Rui (Chief Executive Officer), Dr Wang Chuantao (Deputy Chairman), Mr Liu Stephen Quan, Dr Zhu Shengliang, Mr Li Zhengshan, Mr Ting Kwok Kit, Johnny and Mr Chen Xiao, one non-executive Director, namely Dr Xia Tingkang, Tim and five independent non-executive Directors, namely Dr Zhu Guobin, Mr Cheng Tat Wa, Dr Li Jianyong, Mr Chan Sin Hang and Mr Lee Cheung Yuet Horace.