The board of directors of China Gingko Education Group Company Limited announced that Dr. Ma Yi has resigned as the chief executive officer of the Company effect from 30 September 2022 due to other work engagements. Dr. Ma has confirmed that he has no disagreement with the Board. Mr. Fang Gongyu is an executive director of the Company, the chairman of the Boardand the chairman of the Company's nomination committee.

The Board further announced that Mr. Fang has been appointed as the Chief Executive Officer with effect from 3 October 2022.Mr. Fang, aged 59, has over 30 years of experience in the management and development and has served the Group for over 20 years. For further biographical details of Mr. Fang, please refer to the Company's annual report 2021 published on 26 April 2022. There has been no change of Mr. Fang's details since the publication of the annual report 2021.

Mr. Fang has entered into a service contract with the Company in respect of the appointment as the Chief Executive Officer for an initial term of three years commencing from 3 October 2022 which will continue thereafter until terminated by either party giving not less than one months' notice in writing to the other. Mr. Fang will not be entitled to additional emolument solely due to the appointment as the Chief Executive Officer.