Standard Development Group Limited — Board/Management Information 2021

May 20, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This joint announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.

Fujincheng Investment Holdings Co., Ltd LKS HOLDING GROUP LIMITED

(Incorporated in the British Virgin Islands with limited liability)

樂嘉思控股集團有限公司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1867)

JOINT ANNOUNCEMENT

APPOINTMENT OF DIRECTORS RELATING TO

THE UNCONDITIONAL MANDATORY CASH OFFER BY CHINA EVERBRIGHT CAPITAL LIMITED

FOR AND ON BEHALF OF THE OFFEROR

TO ACQUIRE ALL ISSUED SHARES OF LKS HOLDING GROUP LIMITED (OTHER THAN THOSE ALREADY OWNED OR AGREED TO BE ACQUIRED BY THE OFFEROR AND PARTIES ACTING IN CONCERT WITH IT)

Financial Adviser to the Offeror

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China Everbright Capital Limited

Independent Financial Adviser to the Independent Board Committee

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Asian Capital Limited

References are made to the announcement dated 27 April 2021 and the composite offer and response document dated 18 May 2021 (the “ Composite Document ”), both jointly issued by Fujincheng Investment Holdings Co., Ltd and LKS Holding Group Limited in relation to, among other things, the Offer. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Composite Document.

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APPOINTMENT OF DIRECTORS

The Board is pleased to announce that with effect from 20 May 2021, Mr. Liu and Ms. Qin have been appointed as executive Directors of the Company.

Set out below are the biographical details of the new Directors:

Mr. Liu Zhancheng（劉展程） , aged 46, is the sole beneficial owner and sole director of the Offeror, which owns 72.05% of the issued Shares of the Company as at the date of this joint announcement. Mr. Liu obtained a bachelor’s degree in management from Shandong College of Finance and Economics* （山東財政學院）in the PRC in 2005, and a master’s degree in engineering from Ocean University of China*（中國海洋大學）in the PRC in 2013. Since 2009, Mr. Liu has started his business ventures and had founded Shandong Fujincheng Investment Limited*（山東富金成投資有限公司）(“ Shandong Fujincheng ”) in the PRC, which is principally engaged in engineering projects involving, among others, high-voltage electricity, municipal administration and building construction, as well as petrochemical supply chain business and financial services business. Mr. Liu has been a director and general manager of Shandong Fujincheng since 2009. As at the date of this joint announcement, Shandong Fujincheng has equity interests in the following companies:

• (i) Shandong Haomin Construction and Related Services Company Limited*（山東浩民工程配套有限 公司）(“ Shandong Haomin ”), a company established in the PRC and held as to 65% by Shandong Fujincheng. Shandong Haomin is engaged in, among others, carrying out municipal administration and building construction works and fitting-out works, and providing engineering project management services, and has around 150 employees as at the date of this joint announcement. Mr. Liu has been the chairman of the board of directors of Shandong Haomin since July 2019;

• (ii) Shandong Province Financial Industry Investment Company Limited*（山東省財金產業投資有限 公司）(“ Shandong Financial Industry ”), a company established in the PRC and held as to 25% by Shandong Fujincheng. Shandong Financial Industry is engaged in, among others, investment activities, investment management and provision of investment consultancy services, and has more than 20 employees as at the date of this joint announcement. As at the date of this joint announcement, Mr. Liu is a director of Shandong Financial Industry;

• (iii) Shandong Province Financial Energy Company Limited*（山東省財金能源有限公司） (“ Shandong Financial Energy ”), a company established in the PRC and held as to 50% by Shandong Fujincheng and 50% by Shandong Financial Industry. Shandong Financial Energy is engaged in, among others, petrochemical supply chain business, and has around 50 employees as at the date of this joint announcement. As at the date of this joint announcement, Mr. Liu is a director and general manager of Shandong Financial Energy; and

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• (iv) Dongying City Kerui Sichuang Electrical Technology Company Limited*（東營市科瑞思創電子 科技有限公司） (“ Dongying Kerui ”), a company established in the PRC and held as to 41% by Shandong Fujincheng. Dongying Kerui is engaged in, among others, research and development, production, engineering and sales of software and hardware, as well as provision of information services, and has around 170 employees as at the date of this joint announcement. As at the date of this joint announcement, Mr. Liu is a director of Dongying Kerui.

Mr. Liu has been appointed as director and/or company secretary of various subsidiaries of the Company with effect from 20 May 2021. As disclosed in the Composite Document, Mr. Liu’s re-designation as the chairman of the Board and Mr. Liu’s appointment as the chairman of the nomination committee of the Board and a member of the remuneration committee of the Board shall take effect on the Closing Date, being 8 June 2021. Mr. Liu has not entered into any service contract with the Company nor has he been appointed for a specified length of service period but will be subject to retirement by rotation, and eligible for re-election pursuant to the articles of association of the Company. He will be entitled to a director’s fee which will be determined by the remuneration committee of the Board with reference to his duties and responsibilities in the Company and the market benchmark.

Ms. Qin Mingyue （秦鳴悅） , aged 29, obtained a bachelor’s degree from Communication University of China*（中國傳媒大學）in the PRC in 2011. Since 2011, Ms. Qin has been a manager in the planning department of Wanna Investment (Beijing) Company Limited*（萬納投資（北京）有限公司） (“ Wanna Investment (Beijing) ”), which is owned as to 99% by Mr. Liu and 1% by Ms. Qin. Since its establishment in 2006, Wanna Investment Beijing has been providing business planning, investment management, corporate management consultancy and sales and marketing services to a diverse customer group, including Shandong Haomin and other companies which are principally engaged in the business(es) of construction works, fitting-out works and/or engineering project management. As the manager in the planning department of Wanna Investment (Beijing), Ms. Qin is mainly responsible for external promotion and investment activities, including formulating business strategies, devising sales and marketing strategies and exploring promotion channels, and client relationship management.

Ms. Qin has been appointed as director of various subsidiaries of the Company with effect from 20 May 2021. Ms. Qin has not entered into any service contract with the Company nor has she been appointed for a specified length of service period but will be subject to retirement by rotation, and eligible for reelection pursuant to the articles of association of the Company. She will be entitled to a director’s fee which will be determined by the remuneration committee of the Board with reference to her duties and responsibilities in the Company and the market benchmark.

• For identification purpose only

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Save as disclosed above, each of Mr. Liu and Ms. Qin (i) does not hold any other position with the Company or any of its subsidiaries; (ii) has not held any other directorship in, or direct or indirect interest in 10% or more of the issued share capital of, any other public companies the securities of which are listed on any security market in Hong Kong or overseas in the three years prior to the date of this joint announcement; (iii) does not have any relationship with any directors, senior management or substantial or controlling shareholders (as defined under the Listing Rules) of the Company; (iv) does not have any interest in the Shares or underlying Shares in the Company (within the meaning of Part XV of the SFO). There is no other information in relation to the appointments of Mr. Liu and Ms. Qin that is required to be disclosed nor are/were they involved in any of the matters 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.

For and on behalf of Fujincheng Investment Holdings Co., Ltd Liu Zhancheng Sole director

By order of the Board LKS Holding Group Limited Wong Wan Sze Executive Director

Hong Kong, 20 May 2021

As at the date of this joint announcement, the Board comprises Mr. Liu Zhancheng, Ms. Qin Mingyue, Ms. Wong Wan Sze and Mr. Lam Shui Wah as executive Directors; and Mr. Ng Man Wai, Mr. Wu Wai Ki and Ms. Tsang Ngo Yin as independent non-executive Directors.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than the information relating to the Offeror and parties acting in concert with it), and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the sole director of the Offeror) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the sole director of the Offeror is Mr. Liu.

The sole director of the Offeror accepts full responsibility for the accuracy of the information contained in this joint announcement (other than the information relating to the Company), and confirms, having made all reasonable enquires, that to the best of his knowledge, opinions expressed in this joint announcement (other than those expressed by the Directors) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

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