China Beidahuang Industry Group Holdings Limited announced that Mr. JJJ has resigned as an executive Director and ceased to be the Chairman of the Board, the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 14 June 2023, which was accepted by the Board on the same date. Following the receipt of Mr. JJJ's resignation, the Company has been trying to locate Mr. JJJ and ascertain his status, and the Board notes that the Company has been having difficulties in establishing contact with Mr. JJJ. Based on further limited information available, the Board has suspicions that Mr. JJJ is currently cooperating in an investigation being carried out by certain authority/authorities in the People's Republic of China.

To the best knowledge, information and belief of the Directors having made all reasonable enquiries, the Board is not aware of any information that Mr. JJJ's current unavailability or such suspected investigation relates to any of the business, operations and affairs of the Group.