The board of directors of Million Stars Holdings Limited announced that Mr. Gan Xiaohua (Mr. Gan Xiaohua) and Ms. Tian Yuan (Ms. Tian), each an executive Director of the Company, has been appointed as the co-chairman of the Board with effect from 17 April 2023. Following the appointment of Mr. Gan and Ms. Tian, Mr. Zhu Yongjun (Mr. Zhu) has ceased to be the chairman of the Board and chief executive officer of the Company with effect from 17 April 20 23. Mr. Zhu will continue to serve as an executive Director.