The board of directors of King Stone Energy Group Limited announced that, with effect from 22 April 2024, Mr. Chou Chiu Ho has been appointed as an independent non-executive Director. Mr. Chou Chiu Ho (Mr. Chou), aged 42, has over 20 years of experience in accounting and auditing. Mr. Chou is currently the company secretary and financial controller of Prime Intelligence Solutions Group Limited, a company listed on GEM of The Stock Exchange of Hong Kong Limited.

Mr. Chou has been appointed as an independent non-executive director of SingAsia Holdings Limited, a company listed on GEM of the Stock Exchange, since 8 March 2024 and an independent director of Junee Limited, a company listed on NASDAQ, since 1 April 2024. Prior to joining Prime Intelligence Solutions Group Limited in November 2015, Mr. Chou worked in an accounting firm from September 2003 to January 2006, with his last position being semi-senior auditor. He then joined PricewaterhouseCoopers from January 2006 to December 2010.

From January 2011 to March 2012, Mr. Chou worked as the head of corporate services of Beijing Sports and Entertainment Industry Group Limited (formerly known as ASR Logistics Holdings Limited). Since April 2013, Mr. Chou has been working as the financial controller and company secretary of Millennium Pacific Group Holdings Limited, a company listed on GEM of the Stock Exchange. Mr. Chou resigned as the financial controller and the company secretary of Millennium Pacific Group Holdings Limited in September 2014 and March 2017 respectively and has been re-appointed as the company secretary and the authorised representative since April 2024.

Mr. Chou also served as the chief financial officer of HF Financial Group Limited and subsequently transferred to HF Management (China) Limited from January 2015 to July 2016. Mr. Chou has been appointed as the director of Archon Prime Strategic Investment (Group) Limited since September 2017 until now. Mr. Chou has been an executive director of Xinming China Holdings Limited in February 2020 and re-designated as a non-executive director in May 2020.

Mr. Chou resigned as a non-executive director of Xinming China Holdings Limited in November 2021. Mr. Chou obtained a bachelor of arts degree in accountancy from the Hong Kong Polytechnic University in November 2003. Mr. Chou was admitted as a member of the Hong Kong Institute of Certified Public Accountant in November 2011, a member of the Association of Chartered Certified Accountants in November 2010 and a fellow member in November 2015.

CHANGE IN COMPOSITION OF THE BOARD COMMITTEES: The Board announced that with effect from 22 April 2024, Audit Committee: Mr. Chou has been appointed as the chairman of the audit committee of the Company (the Audit Committee) and Mr. Chiu Sui Keung has redesignated from the chairman to a member of the Audit Committee, Special Investigation Committee: Mr. Chou has been appointed as the chairman of the special investigation committee of the Company (the Special Investigation Committee) and Mr. Chiu Sui Keung has redesignated from the chairman to a member of the Special Investigation Committee.