CH BEIDAHUANG (00039) announced that Mr. Chen Chen has been removed from his position as an executive director, and Ms. Cheng Juan has been removed as an independent non-executive director. Mr. Ke Xionghan and Mr. Li Jianli have been elected or re-elected (as applicable) as executive directors. Ms. He Yongxin and Ms. Qin Haixia have been elected or re-elected (as applicable) as non-executive directors. Mr. Chen Zhifeng, Ms. Li Bizhi, and Mr. Zheng Yuchun have been elected or re-elected (as applicable) as independent non-executive directors.

The board is pleased to announce that Mr. Chen Zhifeng will continue to serve as a member of the company’s nomination committee, remuneration committee, and audit committee, while Ms. Li Bizhi will remain a member of the audit committee. Following the removal of Ms. Cheng Juan as an independent non-executive director, she has ceased to be a member of the audit committee.