The board of directors of Kin Yat Holdings Limited announced that Mr. LEE Kim Wa, Winston ("Mr. Lee") has tendered his resignation as an
executive Director of the Company with effect from 2 December 2022 in order to pursue other personal career development plans. Mr. Lee has confirmed that he has no disagreement with the Board in relation to his resignation as an executive Director and there is no other matter that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.