Web3 Meta Limited — Board/Management Information 2020

Dec 10, 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 [226 x 39] intentionally omitted <==

MILLION STARS HOLDINGS LIMITED 萬星控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8093)

RETIREMENT OF DIRECTORS AT THE ANNUAL GENERAL MEETING

Reference is made to the circular (the ‘‘Circular’’) of Million Stars Holdings Limited (the ‘‘Company’’), the notice of Annual General Meeting (‘‘AGM’’) (the ‘‘Notice of AGM’’) and the proxy form (the ‘‘Proxy Form’’) of AGM to the shareholders of the Company (the ‘‘Shareholders’’) dated 5 November 2020. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise defined herein.

The Board hereby announces that Mr. Gao Shuo (‘‘Mr. Gao’’) and Ms. Ji Fang (‘‘Ms. Ji’’), both being the independent non-executive Directors, have informed the Board that he/she would not offer himself/herself for re-election at the AGM in order to focus on his/her other work commitment, and he/she will retire upon the conclusion of the AGM. Mr. Gao will cease to be the chairman of nomination committee and a member of each of the audit committee, remuneration committee and corporate governance committee of the Company upon his retirement. Ms. Ji will cease to be the chairlady of remuneration committee and a member of each of the audit committee, nomination committee and corporate governance committee of the Company upon her retirement.

Mr. Gao and Ms. Ji confirmed that he/she has no disagreement with the Board and that there is no other matter relating to his/her retirement that needs to be brought to the attention of the Shareholders or the Stock Exchange.

In view of the retirement, the ordinary resolutions numbered 2(b) and 2(c) in respect of the re-election of Mr. Gao and Ms. Ji as the independent non-executive Directors as set out in the Notice of AGM and the Proxy Form are no longer applicable and will not be put forward for consideration and approval by the Shareholders at the AGM.

Those Proxy Forms already lodged by Shareholders remain valid except that no poll will be conducted or counted for the ordinary resolutions numbered 2(b) and 2(c). Shareholders are reminded to read the Notice of AGM, including its notes, for details in respect of other resolutions which will be remain scheduled for consideration and approval at the AGM, eligibility for attending the AGM, proxy and other relevant matters.

– 1 –

The Board would like to express its appreciation to Mr. Gao and Ms. Ji for his/her valuable contribution during his/her tenure as independent non-executive Directors in the Company.

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

Hong Kong, 10 December 2020

As at the date of this announcement, the Board comprises: Mr. Zhu Yongjun and Ms. Tian Yuan as executive Directors; and Mr. Chen Ce, Mr. Gao Shuo and Ms. Ji Fang as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with GEM Listing Rules 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.

– 2 –