Most Kwai Chung Limited (Stock Code: 01716) announced a broad reshuffle of its governing bodies, effective 5 May 2026.

Board resignations • Executive Directors: Iu Kar Ho and Luk Ka Chun resigned, with Iu also stepping down as the company’s Authorised Representative and Process Agent. • Executive Director: Leung Hoi Yui resigned and relinquished her seat on the Nomination Committee. • Independent Non-executive Directors (INEDs): Leung Ting Yuk and Ho Kwong Yu resigned, vacating chairmanships and memberships across the Audit, Remuneration and Nomination Committees.

New appointments • Ms. Cheng Taohong joins as Executive Director and Authorised Representative. Cheng brings over 20 years of commodity-trading and corporate-management experience, most recently serving as president of Kingland Technology (Shenzhen: 000711). • Dr. Yuan Yuan is appointed INED, becoming Chairperson of the Audit Committee and a member of both the Nomination and Remuneration Committees. Yuan has approximately 15 years of securities-industry experience and currently serves as Managing Director at Zhong De Securities. • Ms. Yuan Fan is appointed INED, taking the roles of Chairperson of the Remuneration and Nomination Committees and joining the Audit Committee. Yuan is a lawyer with 14 years of practice focused on corporate governance and M&A.

Each newly appointed director has signed a three-year term with a monthly director’s fee of HK$30,000, subject to review by the Remuneration Committee.

Other governance change Company Secretary Mr. Lo Tai On has been named both Authorised Representative under Listing Rule 3.05 and Process Agent under Hong Kong’s Companies Ordinance.

Post-change board composition • Executive Directors: Dr. Ma Liyang (Chairman), Ms. Cheng Taohong • INEDs: Dr. Chen Yang, Dr. Yuan Yuan, Ms. Yuan Fan

The company expressed gratitude to the departing directors for their service and extended a formal welcome to the incoming members.