Beijing North Star Company Limited received a written resignation application from Mr. MO Fei ("Mr. MO"), the shareholder representative supervisor of the Company, on 13 March 2024. Due to work rearrangement, Mr. MO applied to resign from the position of shareholder representative supervisor of the ninth session of the supervisory committee of the Company (the "Supervisory Committee"). In accordance with the requirements of relevant laws and regulations and the Company's Articles of Association, Mr. MO's application for resignation shall take effect from the date on which it was served on the Company.

Mr. MO has confirmed that he does not have any disagreement with the board of directors (the "Board") and the Supervisory Committee of the Company and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. Reference is made to the announcement of the Company dated 30 January 2024 in relation to the resignation of the executive director, deputy general manager, secretary to the Board and chief legal advisor of the Company. On 14 March 2024, the Company convened the 96th meeting of the ninth session of the Board to approve the appointment of Mr. MO as the chief legal advisor of the Company for a term of office commencing from 14 March 2024.

Mr. MO Fei, aged 53, graduated from Southwest University of Political Science and Law, with a bachelor's degree in laws, and has legal professional qualifications. Mr. MO joined Beijing North Star Industrial Group Limited Liabilities Company ("BNSIGC"), the controlling shareholder of the Company in 2003, and used to serve as the deputy director of the legal affairs department of BNSIGC, the director of the legal affairs department and shareholder representative supervisor of the Company, and the deputy general manager of Beijing North Star Exhibition Investment Co. Ltd. Mr. MO has extensive experience in corporate legal affairs regulation.

The Board has approved to appoint Ms. LIANG Jie as a member of the strategic committee, the nomination committee and the legal compliance committee of the Board at the 96th meeting of the ninth session of the Board convened on 14 March 2024.