Joy Spreader Group Inc. — Board/Management Information 2020

Dec 18, 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [158 x 36] intentionally omitted <==

Joy Spreader Interactive Technology. Ltd 樂享互動有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6988)

APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHANGE IN COMPOSITION OF THE AUDIT COMMITTEE

APPOINTMENT OF AN INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the “ Board ”) of directors (the “ Directors ”) of Joy Spreader Interactive Technology. Ltd (the “ Company ”) is pleased to announce that with effect from December 18, 2020, Mr. Yap Jin Meng Bryan (葉仁明) (“ Mr. Yap ”) was appointed as an independent non-executive Director and a member of the Board’s audit committee (the “ Audit Committee ”).

Mr. Yap is currently the chief executive officer and managing director of Daun Consulting Singapore Pte Ltd, a family office focusing on consulting and selective investments. Since December 14, 2019, Mr. Yap has been an independent director of Luokung Technology Corp., a company listed on NASDAQ (ticker symbol: LKCO). Since February 2001, Mr. Yap has been serving as an executive committee member of the Financial Markets Association (ACI) of Singapore, and was the Honorary Secretary in 2008 and 2009 and is currently serving as the treasurer for 2019 and 2020. From April 1996 to April 2008, Mr. Yap served as a managing director of Deutsche Bank AG, during which he was also the co-head of the Asian emerging market department of the bank. Mr. Yap also served as a director of the board of Deutsche Bank AG International (Asia), a branch of Deutsche Bank AG in Singapore. Mr. Yap also represented Deutsche Bank AG on Singapore Foreign Exchange Market Committee, which is sponsored by Monetary Authority of Singapore, where Mr. Yap was an active member of market development sub-committee. From April 1988 to April 1996, Mr. Yap worked for Citibank Singapore, where he joined investment banking industry and was promoted to vice president. Mr. Yap received a Bachelor degree in Science from the National University of Singapore in July 1988, majoring in mathematics and economics.

Mr. Yap has entered into a letter of appointment with the Company, and his term of appointment commenced from December 18, 2020 and shall hold office until the next general meeting of the Company and shall then be eligible for re-election at that meeting. Subsequently, Mr. Yap’s appointment is subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the articles of association of the Company. Mr. Yap will be entitled to receive a director’s fee of HK$120,000 per annum which was determined by the Board with reference to his duties and responsibilities within the Company as well as prevailing market rates.

1

Save as disclosed above, to the best of the knowledge, information and belief of the Directors after having made all reasonable enquiries, as at the date of this announcement, Mr. Yap did not (i) have any other relationship with any Directors, senior management or substantial or controlling shareholders of the Company (the latter two terms as respectively defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”)); (ii) have any other interest in the shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (iii) hold any other directorships in public companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iv) hold other positions with other members of the Company or its subsidiaries.

Save as disclosed above, to the best of the knowledge, information and belief of the Directors after having made all reasonable enquiries, there is no information in relation to the appointment of Mr. Yap that is required to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules and there is no other matter that needs to be brought to the attention of the shareholders of the Company.

The Board would like to extend its warm welcome to Mr. Yap on joining the Board.

CHANGE IN THE COMPOSITION OF THE AUDIT COMMITTEE

The Board would like to announce that with effect from December 18, 2020, Mr. Yap was appointed as a member of the Audit Committee.

The Audit Committee comprises the following Directors:

• Mr. Tang Wei (唐偉) (Chairman of the Audit Committee and independent non-executive Director) Mr. Xu Chong (徐翀) (Independent non-executive Director)

• Mr. Guo Sijia (郭思嘉) (Non-executive Director)

• Mr. Yap Jin Meng Bryan (葉仁明) (Independent non-executive Director)

By order of the Board Joy Spreader Interactive Technology. Ltd Zhu Zinan Chairman

Beijing, the PRC, December 18, 2020

As at the date of this announcement, the Board comprises Mr. Zhu Zinan, Mr. Zhang Zhidi and Mr. Cheng Lin as executive Directors; Mr. Guo Sijia, Mr. Hu Qingping and Ms. Chen Yuanyuan as non-executive Directors; and Mr. Xu Chong, Mr. Tang Wei, Mr. Fang Hongwei and Mr. Yap Jin Meng Bryan as independent non-executive Directors.

2