Web3 Meta Limited — Board/Management Information 2017

Oct 25, 2017

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.

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MILLION STARS HOLDINGS LIMITED 萬 星 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8093)

APPOINTMENT OF NEW INDEPENDENT NON-EXECUTIVE DIRECTORS AND

APPOINTMENT OF ADDITIONAL MEMBERS TO BOARD COMMITTEES

APPOINTMENT OF NEW INDEPENDENT NON-EXECUTIVE DIRECTORS

The board of directors (the “ Board ”) of Million Stars Holdings Limited (the “ Company ”) is pleased to announce that Ms. Chen Feng (“ Ms. Chen ”) and Mr. Gao Shuo (“ Mr. Gao ”) has been appointed as Independent Non-executive Directors (the “ INED(s) ”) of the Company with effect from 6 November 2017.

APPOINTMENT OF ADDITIONAL MEMBERS TO BOARD COMMITTEES

The Board announces that each of Ms. Chen Feng and Mr. Gao Shuo has been appointed as an additional member to each of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Corporate Governance Committee with effect from 6 November 2017.

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APPOINTMENT OF NEW INDEPENDENT DIRECTORS

The Board is pleased to announce that Ms. Chen and Mr. Gao has been appointed as INEDs of the Company and board committees members of the Audit Committee, Remuneration Committee, Nomination Committee and Corporate Governance Committee of the Company with effect from 6 November 2017.

The biographical details of Ms. Chen and Mr. Gao are as follows: -

Ms. Chen Feng

Ms. Chen Feng, aged 48, is currently chief executive officer of Beijing Meililai Jiaren Network Technology Co., Ltd. (北京美麗來佳人網絡技術有限公司). Ms. Chen joined Beijing Youxitianxia Network Technology Co., Ltd. (北京遊戲天下網絡技術 公司) in 2012, established Bailaohui (百老匯) from 2010 to 2012, and took charge of the innovative development department of Baidu (百度創新發展部) from 2005 to 2010. Prior to joining Baidu, she was general manager of the strategic development department of Beijing Junnet Group (北京駿網集團) from 2003 to 2005, during which she established Junnet Online (駿網在線) and served as its general manager. Prior to this from 1995 to 2003, she was one of the founding partners of Kunming Heima Software Network Technology Co., Ltd. (昆明黑馬軟件網絡技術公司), serving as sales agent of and overseeing targeted development of genuine software for corporate and personal use. From 1990 to 1998, she worked at the computer center of Yunnan Transformer Factory (雲南變壓器廠計算機中心). Ms. Chen graduated from Kunming University in 1990, majoring in machinery manufacturing and computer application.

Save as disclosed herein, as at the date of this announcement, Ms. Chen confirms that (i) she does not hold any position in the Company or any of its subsidiaries nor have any relationship with any Director, senior management or substantial or controlling shareholders (having the meaning ascribed to it in the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”)) of the Company; (ii) she has not held any directorship in other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the past three years or other major appointments and professional qualifications; and (iii) she does not have any interest in the shares or underlying shares of the Company or any of its associated corporations which is required to be disclosed under Part XV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

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Ms. Chen will enter into a letter of appointment with the Company under which she is appointed for a period of three years, but is subject to retirement by rotation and re-election at the annual general meeting of the Company at least once every three years in accordance with the Articles of Association of the Company.

Ms. Chen is entitled to a director’s fee of HK$300,000 per annum, which is same as that payable to other INEDs of the Company. The remuneration of Ms. Chen has been reviewed by the Remuneration Committee of the Company and was determined by reference to her duties and responsibilities with the Company, the Company’s performance and the prevailing market conditions. The remuneration of Ms. Chen is subject to review by the Board and the Remuneration Committee from time to time.

Save as disclosed herein, the Board is not aware of any other information in relation to Ms. Chen that is required to be disclosed to the Company nor any other information which is required to be disclosed pursuant to rules 17.50(2)(h) to (v) of the GEM Listing Rules or any other matter that needs to be brought to the attention of the shareholders of the Company in relation to Ms. Chen’s appointment.

Mr. Gao Shuo

Mr. Gao Shuo, aged 34, has 12 years of experience in investment management. He is currently a partner of Hanfor Capital Limited (漢富（北京）資本管理有限公司), and participated in the RAZER equity investment project. From April 2015 to May 2016, Mr. Gao successively served as vice-president, managing director of risk compliance centre and chairman of strategy committee of ZZ Capital (中植資本). From April 2011 to April 2015, he served as board secretary cum general manager of capital operations centre of Zhongze Holdings (中澤控股集團). From June 2007 to March 2011, he successively served as division head and department head of project investment management of Goldman Sachs, and participated in the YK merger and restructuring project. From 2005 to March 2007, he was the investment risk specialist of Bank of Tokyo-Mitsubishi UFJ. He is a certified public accountant of China, financial analyst of Japan Finance Federation (日本金融聯合會) and appraiser of Higashi-Nippon Bank Federation (東日本銀行聯合會). Mr. Gao holds a master’s degree from Waseda University in Japan, majoring in law and finance.

Save as disclosed herein, as at the date of this announcement, Mr. Gao confirms that (i) he does not hold any position in the Company or any of its subsidiaries nor have any relationship with any Director, senior management or substantial or controlling shareholders (having the meaning ascribed to it in the GEM Listing Rules) of the Company; (ii) he has not held any directorship in other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the past three years or other major appointments and professional qualifications; and (iii) he does not have any interest in the shares or underlying shares of the Company or any of its associated corporations which is required to be disclosed under Part XV of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

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Mr. Gao will enter into a letter of appointment with the Company under which he is appointed for a period of three years, but is subject to retirement by rotation and re-election at the annual general meeting of the Company at least once every three years in accordance with the Articles of Association of the Company.

Mr. Gao is entitled to a director’s fee of HK$300,000 per annum, which is same as that payable to other INEDs of the Company. The remuneration of Mr. Gao has been reviewed by the Remuneration Committee of the Company and was determined by reference to his duties and responsibilities with the Company, the Company’s performance and the prevailing market conditions. The remuneration of Mr. Gao is subject to review by the Board and the Remuneration Committee from time to time.

Save as disclosed herein, the Board is not aware of any other information in relation to Mr. Gao that is required to be disclosed to the Company nor any other information which is required to be disclosed pursuant to rules 17.50(2)(h) to (v) of the GEM Listing Rules or any other matter that needs to be brought to the attention of the shareholders of the Company in relation to Mr. Gao’s appointment.

The Board would like to take this opportunity to welcome Ms. Chen and Mr. Gao joining the Company as the INEDs.

APPOINTMENT OF ADDITIONAL MEMBERS TO BOARD COMMITTEES

The Board also announces that each of Ms. Chen and Mr. Gao has been appointed as an additional member to each of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Corporate Governance Committee with effect from 6 November 2017.

By Order of the Board Million Stars Holdings Limited Zhu Yongjun Chairman

Hong Kong, 25 October 2017

As at the date of this announcement, the Company’s board of directors comprises: Mr. Zhu Yongjun, Ms. Wang Fei, Mr. Tang Yau Sing and Ms. Tian Yuan as executive directors; and Mr. Cheung Kam Tong, Antonio, Mr. Chui Man Lung, Everett and Mr. Han Chu as independent non-executive directors.

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This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at http://www.hkgem.com on the ‘‘Latest Company Announcements’’ page for at least 7 days from the day of its publication and on the website of the Company at http://www.millionstars.hk.

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