Web3 Meta Limited — Board/Management Information 2020

Sep 4, 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

(Incorporated in Cayman Islands with limited liability) (Stock Code: 8093)

RESIGNATION OF DIRECTOR AND CHANGE OF CHAIRMAN OF CORPORATE GOVERNANCE COMMITTEE

The Board announces that pursuant to the service contract entered into between Ms. Wang Fei and the Company on 5 September, 2017, the tenure of such contract will expire on 5 September, 2020. In this connection, Ms. Wang Fei has indicated in a letter to the Company to the Company dated 31 August, 2020 that she does not intend to renew such service contract. Accordingly, Ms. Wang Fei resigned as an Executive Director and Chief Executive Officer of the Company with effect from 5 September, 2020 upon the expiry of her Director’s service contract on 5 September, 2020. She also resigned as the chairlady and a member of Corporate Governance Committee of the Board.

Mr. Chen Ce has been appointed as the chairman of Corporate Governance Committee of the Board with effect from 5 September, 2020

The board (the “ Board ”) of directors (the “ Director(s) ”) of Million Stars Holdings Limited (the “ Company ”) announces that pursuant to the service contract entered into between Ms. Wang Fei (“ Ms. Wang ”) and the Company on 5 September, 2017, the tenure of such contract will expire on 5 September, 2020. In this connection, Ms. Wang Fei has indicated in a letter to the Company to the Company dated 31 August, 2020 that she does not intend to renew such service contract. Accordingly, Ms. Wang resigned as an Executive Director and Chief Executive Officer of the Company with effect from 5 September, 2020 upon the expiry of her Director’s service contract on 5 September, 2020. She also resigned as the chairlady and a member of Corporate Governance Committee of the Board.

The resignation of Ms. Wang upon expiry of her Director’s service contract was due her own decision to devote more time to her other business commitments. Ms. Wang confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brough to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong.

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The Board would like to express its sincere gratitude and appreciation to Ms. Wang for her contributions to the Company during her tenure of office.

CHANGE OF CHAIRMAN OF CORPORATE GOVERNANCE COMMITTEE

Subsequent to the resignation of Ms. Wang as the chairlady and a member of Corporate Governance Committee of the Board, Mr. Chen Ce, an independent non-executive Director, has been appointed as the chairman of Corporate Governance Committee of the Board with effect from 5 September 2020.

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

Hong Kong, 4 September 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, Ms. Ji Fang and Mr. Gao Shuo 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 GEM 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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