Kingworld (01110) emphasizes that the company's directors, executives, and employees have not been involved in the alleged illegal activities for which the accused person is being charged.

KINGWORLD (01110) announced that the company has noted a press release from the Independent Commission Against Corruption of the Hong Kong Special Administrative Region on November 13, 2024, which stated that two former employees (defendants) of the group have been charged by the anti-corruption agency. The defendants have been charged with the alleged unlawful activities mentioned in the press release. They resigned from all positions within the group in mid-July and mid-August 2024. The company emphasized that its directors, senior management, and employees have not been involved in any unlawful activities as alleged against the defendants. The board of directors believes that these cases will not have any significant adverse impact on the group as the financial impact is only a very small percentage of the total assets of the group.