WT Group Holdings Limited — Board/Management Information 2021

Sep 20, 2021

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.

WT GROUP HOLDINGS LIMITED WT 集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8422)

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

The board (the ‘‘Board’’) of directors (the ‘‘Director(s)’’) of WT Group Holdings Limited (the ‘‘Company’’, together with its subsidiaries, the ‘‘Group’’) wishes to announce that Mr. Yu Tat Chi Michael (‘‘Mr. Yu’’) has been appointed as an independent non-executive Director and will serve as a member of each of the audit committee, nomination committee and remuneration committee (‘‘Remuneration Committee’’) of the Company with effect from 20 September 2021.

Mr. Yu Tat Chi Michael, aged 56, holds a bachelor of commerce degree from the University of New South Wales, Australia. He is a fellow member of the CPA Australia and a member of the Hong Kong Institute of Certified Public Accountants. Mr. Yu is also a founding member of The Hong Kong Independent Non-Executive Director Association. Mr. Yu has many years of experience in accounting, corporate finance and asset management. He had held senior management positions in several listed companies in Hong Kong.

Mr. Yu is currently an independent non-executive director of each of Golden Resources Development International Limited (a company listed on the Main Board of The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’), stock code: 677) since August 2012, Applied Development Holdings Limited (a company listed on the Main Board of the Stock Exchange, stock code: 519) since September 2016, China Netcom Technology Holdings Limited (a company listed on GEM of the Stock Exchange, stock code: 8071) since August 2017, Lerado Financial Group Company Limited (a company listed on the Main Board of the Stock Exchange, stock code: 1225) since February 2018 and Harbour Digital Asset Capital Limited (a company listed on the Main Board of the Stock Exchange, stock code: 913) since August 2020. He was an independent non-executive director of EVOC Intelligent Technology Company Limited (a company listed on the Main Board of the Stock Exchange, stock code: 2308) from 30 May 2016 to 21 May 2021.

An appointment letter was entered into between Mr. Yu and the Company pursuant to which he was appointed for a term of one year as an independent non-executive Director. He will be subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the requirements of the articles of association of the Company and the Rules Governing the Listing of Securities on GEM of the Stock Exchange (‘‘GEM Listing Rules’’). He will be entitled to a director’s fee of HK$120,000 per annum for acting

– 1 –

as an independent non-executive Director. The remuneration package of Mr. Yu has been reviewed by the Remuneration Committee and determined by the Board with reference to the prevailing market conditions and his roles and responsibilities in the Group.

Save as disclosed in this announcement, as at the date hereof, Mr. Yu (i) has no relationship with any Directors, senior management or substantial or controlling shareholders of the Company (as respectively defined in the GEM Listing Rules); (ii) does not have any interest in the shares, underlying shares or debentures of the Company or any of its associated corporations within the meaning of Part XV of the SFO; (iii) has not held any other directorships in public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years; and (iv) does not hold any other positions in the Company or other members of the Group.

Mr. Yu has confirmed that he has met the independence criteria set out in Rule 5.09 of the GEM Listing Rules. Save as disclosed in this announcement, there are no other matters that need to be brought to the attention of the shareholders of the Company regarding the appointment of Mr. Yu and there is no other information that is required to be disclosed pursuant to the requirements of Rules 17.50(2)(h) to (v) of the GEM Listing Rules.

The Board would like to take this opportunity to express its warmest welcome to Mr. Yu in joining the Board.

By Order of the Board WT Group Holdings Limited Kam Kin Bun Chairman and Executive Director

Hong Kong, 20 September 2021

As at the date of this announcement, the Board comprises Mr. Kam Kin Bun (Chairman), Mr. Kung Cheung Fai Patrick and Ms. Wong Mei Chun as executive Directors; and Ms. Chan Sin Wa Carrie, Mr. Leung Chi Hung and Mr. Yu Tat Chi Michael as independent nonexecutive 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 www.hkgem.com for at least 7 days from the date of its publication and on the Company’s website at www.wtholdings.com.

This announcement is prepared in English language and translated into Chinese. In the event of any inconsistencies between the Chinese and the English version, the latter shall prevail.

– 2 –