Web3 Meta Limited — Board/Management Information 2017

Jul 28, 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

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8093)

RESIGNATION OF NON-EXECUTIVE DIRECTOR AND APPOINTMENT OF EXECUTIVE DIRECTOR

The board (“ Board ”) of directors (“ Directors ”) of Million Stars Holdings Limited (the “ Company ”) announces that Mr. Shao Zuosheng (“ Mr. Shao ”) has tendered his resignation as a Non-Executive Director of the Company with effect from 28 July 2017 due to his other personal commitments.

The Board is pleased to announce that Ms. Tian Yuan (“ Ms. Tian ”) has been appointed as an executive Director of the Company with effect from 28 July 2017.

RESIGNATION OF NON-EXECUTIVE DIRECTOR

The Board announces that Mr. Shao has tendered his resignation as a Non-Executive Director of the Company with effect from 28 July 2017 due to his other personal commitments.

Mr. Shao has confirmed that he has no disagreement with the Board and there are no other matters in relation to his resignation that need to be brought to the attention of the shareholders of the Company (“ Shareholders ”).

The Board would like to express its sincere gratitude to Mr. Shao for his contributions to the Company during his tenure of office.

APPOINTMENT OF EXECUTIVE DIRECTOR

The Board is pleased to announce that Ms. Tian Yuan has been appointed as an executive Director of the Company with effect from 28 July 2017. The biographical detail of Ms. Tian is set out as follows:

Ms. Tian, aged 43, obtained her bachelor’s degree in economics from the University of California, Los Angeles and her master of science in financial engineering degree from the University of Michigan Ann Arbor. She was one of the earliest recruited innovative talents in the finance area by the “The Thousand Talents Plan” (“吉林省千人計劃”), which was held by the government of Jilin Province. Ms. Tian previously worked for US I.B. Fund Management Limited, Societe Generale Securities Hong Kong, Ltd, the Investment Management Department of Legend Holdings Ltd and other financial enterprises. She is experienced in technical analysis of foreign exchange, foreign exchange trading, derivatives development, trading and sales, financial product investment, the establishment and operation of investment funds, private equity, capital market investment, financing etc. Ms. Tian is now the general manager of Shanghai Angell Asset Management Company Limited, the deputy general manager of 吉林省投資集團有限公司 (Jilin Province Investment Group Company Limited) ; and the director and deputy general manager of 海通吉禾股權投資基金管理有 限公司 (Haitong Jihe Equity Investment Fund Management Co., Ltd.). She is also the member of the Investment Committee of 吉林省現代農業和新興產業投資基金有限公司 (Jilin Province Modern Agriculture and New Industrial Investment Fund Limited Company) and 吉林省國家新能源創業投資基金合夥企業（有限合夥）投委會 (Jilin Province National New Energy Venture Investment Fund (Limited Partnership)), and the director of the Investment Committee of 吉林省養老服務產業基金合夥企業（有限合夥）(Jilin Province Ageing Service Industry Fund (Limited Partnership)).

Ms. Tian will enter into a service contract with the Company for a term of three (3) years commencing on 28 July 2017 unless and until terminated by either part by serving not less than three-months’ written notice. Ms. Tian's appointment is subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Pursuant to the service contract, Ms. Tian will be entitled to a nominal remuneration of HK$1.00 and such other fringe benefit as the Board shall in its discretion deem appropriate.

Ms. Tian is nominated by上海胡桐投資中心（有限合夥）(Shanghai Hutong Investment Centre (Limited Partnership) as an executive director of the Company and her nomination is approved by the nomination committee, remuneration committee and the Board of the Company. As Ms. Tian receives her remuneration from上海昂巨資產管理有限公司 (Shanghai Angell Asset Management Co. Ltd), the management company of 上海胡桐投資 中心（有限合夥）(Shanghai Hutong Investment Centre (Limited Partnership)*, Ms. Tian is willing to receive this nominal remuneration from the Company. The Board considers that her remuneration from the Company will not affect Ms. Tian in performing her responsibilities and duties as an executive Director of the Company.

The remuneration of Ms. Tian has been reviewed by the Remuneration Committee of the Company and was determined by the Board. The remuneration of Ms. Tian is subject to review by the Board from time to time.

As at the date of this announcement, Ms. Tian is a director of Power View Group Limited, a controlling shareholder of the Company, and a director of United Conquer Limited, which is a controlling shareholder of Power View Group Limited.

Save as disclosed above, as at the date of this announcement, Ms. Tian confirms that (i) she does not have any other interests in the shares and underlying shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong); (ii) she has not held any other directorships in other listed companies the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; (iii) she does not hold other positions with the Company or any subsidiaries of the Company; (iv) she does not have any relationship with any Directors, senior management, substantial shareholders or controlling shareholders (as defined under 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; and (v) there is no other information which is required to be disclosed pursuant to the requirements pursuant to Rule 17.50 (2)(h) to (v) of the GEM Listing Rules nor any other matters that need to be brought to the attention of the Shareholders in relation to her appointment.

The Board would like to take this opportunity to welcome Ms. Tian joining the Company as an executive Director.

By Order of the Board Million Stars Holdings Limited Zhu Yongjun Chairman and Chief Executive Officer

Hong Kong, 28 July 2017

* For identification purposes only

As at the date hereof, the Board comprises Mr. Zhu Yongjun, 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.

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:// http://www.millionstars.hk .