Web3 Meta Limited — Board/Management Information 2020

Nov 11, 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.

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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 CHIEF EXECUTIVE OFFICER

The board (the “ Board ”) of directors (the “ Director(s) ”) of Million Stars Holdings Limited (the “ Company ”) is pleased to announce that Mr. Zhu Yongjun (“ Mr. Zhu ”), the chairman of the Board (the “ Chairman ”) and an executive Director, has been appointed as the chief executive officer (the “ CEO ”) of the Company with effect from 11 November 2020.

Mr. Zhu, aged 40, has been appointed as an executive Director of the Company since 24 February 2017, the Chairman and the CEO on 17 March 2017. He stepped down as the CEO on 5 September 2017. Mr. Zhu also serves as a director of certain subsidiaries of the Company. Mr. Zhu is experienced in investment management. Mr. Zhu has been the founder, chairman and chief executive officer of Shanghai Financial Investment Information Services Company Limited (上海尋投金融信息服務有限公司) since 2014 and was the founder of Taizhou Sifang Network Company Limited (泰州四方網絡有限公司) in 2005. He was the general manager of the network department of China Telecommunications Taizhou Industrial Corporation* (中國電信泰州實業公司) from 2004 to 2005. Mr. Zhu holds a bachelor’s degree in economic information management from Jiangnan University. As at the date of this announcement, Mr. Zhu is beneficially interested in 38,398,786 shares of the Company. Mr. Zhu will continue to receive a remuneration of HK$1 per annum after being appointed as the CEO.

Save as disclosed herein, as at the date of this announcement, Mr. Zhu confirms that (i) he does not 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 GEM of The Stock Exchange of Hong Kong Limited (the “ GEM Listing Rules ”)) of the Company; and (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.

Save as disclosed herein, the Board is not aware of any other information in relation to Mr. Zhu 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. Zhu’s appointment.

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The Board would like to express its warmest welcome to Mr. Zhu on his appointment as the CEO.

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

Hong Kong, 11 November 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. Zhu Fang and Mr. Gao Shuo as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the 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 “Latest Company Announcements” page of the GEM website at http://www.hkgem.com for at least 7 days from the date of its posting and on the website of the Company at http://www.millionstars.hk.

* for identification purpose only

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