The board of the directors of Beijing Sports and Entertainment Industry Group Limited announces that Mr. Shum Yick Chun ("Mr. Shum") has resigned as (i) a company secretary and (ii) a chief financial officer of the Company and (iii) will cease to act as an authorised representative of the Company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and an authorized representative of the Company for accepting service of process and notices on behalf of the Company in Hong Kong as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (collectively, the "Authorised Representatives") with effect from 27 April 2022 due to the pursuing of other career opportunities. Mr. Shum has confirmed with the Board that he has no disagreement with the Board and there are no matters regarding his resignation which need to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board announced that Mr. Siu Wai Bun ("Mr. Siu") has been appointed as (i) the company secretary, (ii) the chief financial officer and (iii) the Authorised Representatives of the Company with effect from 27 April 2022.

He is a member of the Hong Kong Institute of Certified Public Accountants and an associate member of the Hong Kong Chartered Governance Institute (formerly known as Hong Kong Institute of Chartered Secretaries). He has over 14 years of experience in auditing, accounting, company secretarial matters and financial management.