Beijing North Star Company Limited recently received a resignation application from Ms. LI Xue-Mei ("Ms. LI"), the chairman of the Supervisory Committee. Ms. LI, who, due to reaching retirement age, applied to resign from her positions of the chairman of the Supervisory Committee and the shareholder representative supervisor. Pursuant to the requirements of the Company Law of the People's Republic of China, the Articles of Association of the Company and relevant laws and regulations, Ms. LI's resignation will not result in the number of members of the Supervisory Committee falling below the minimum quorum and will not affect the normal operation of the Supervisory Committee.

As at the date of this announcement, the said resignation has taken effect. The Company will complete the election of chairman of the Supervisory Committee and the shareholder representative supervisor in accordance with the legal procedures to fill the vacancies as soon as possible.