Khoon Group Limited (Stock Code: 924) has announced the resignation of Ms. Leung Wing Chi Kylie from her roles as Independent Non-Executive Director, Chairlady of the Audit Committee, and member of both the Remuneration and Nomination Committees, effective 23 October 2025. She resigned to focus on other business commitments. According to the announcement, she had no disagreement with the Board and no additional matters require the attention of shareholders or the Stock Exchange.

Following Ms. Leung’s departure, the Board now comprises two Independent Non-Executive Directors, which does not meet several requirements under the Listing Rules. Specifically, the company currently falls short of the minimum number of Independent Non-Executive Directors required under Rule 3.10(1), the three-member minimum for the Audit Committee under Rule 3.21, the majority composition of Independent Non-Executive Directors for the Remuneration Committee under Rule 3.25, the different-gender director mandate under Rule 13.92(2), and the diversity requirement in the Nomination Committee set out in code provision B.3.5.

Khoon Group stated it will identify a suitable candidate to fill the vacancy within three months from the effective date of Ms. Leung’s resignation to fulfill the above requirements. The company extended gratitude to Ms. Leung for her contributions in past years.