Space Group Holdings Limited announces the following changes in directorship and composition of the audit committee of the Company the remuneration committee of the Company and the nomination committee of the Company. Resignation of independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee Ms. Leong Iat Lun has resigned as an independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 25 October 2023 in order to dedicate more time to her other career commitments. Appointment of independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee Mr. Choi King Leung has been appointed as an independent non-executive Director, a member of the Audit Committee, a member of the Remuneration Committee and a member of the Nomination Committee with effect from 25 October 2023.

Mr. Choi King Leung, aged 46, has obtained a bachelor's degree in engineering in civil and structural engineering from the Hong Kong University of Science and Technology in November 1999. Mr. Choi is a member of the Chartered Association of Building Engineers since July 2014, fellow member of the Chartered Management Institute since December 2014, fellow member of the Society of Professional Engineers since January 2015, member of the International Institute of Risk and Safety Management since February 2015 and member of the Society of Operations Engineers since February 2015. Mr. Choi has over 20 years of experience in the construction industry.

Mr. Choi joined Zhunsheng Engineering Company Limited in May 2022 and currently serves as a project director. From November 2019 to May 2022, Mr. Choi was the manager of Shenzhen Ruihe Construction Decoration Limited. From May 2017 to November 2019, Mr. Choi was the Project Director and Assistant to General Manager of China Metallurgical Group Corporation.

Mr. Choi has entered into an initial term of three years commencing on 25 October 2023, subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") and the articles of association of the Company. Mr. Choi is entitled to receive a director's fee of HK$120,000 per annum which were determined by the Board on the recommendation of the Remuneration Committee with reference to his qualifications, experience, duties and responsibilities with the Company as well as the Company's performance and the prevailing market conditions.