The board of directors of Kong Sun Holdings Limited announced that Ms. Wang Fang has tendered her resignation as an independent non-executive director, the chairman of the remuneration committee, a member of the nomination committee and a member of the audit committee of the company due to her desire to devote more time on her personal affairs with effect from 1 March 2021. The board announced that Mr. Xu Xiang has been appointed as an independent non-executive director, the chairman of the remuneration committee, a member of the nomination committee and a member of the audit committee of the company with effect from 1 March 2021.