The board of directors of Pop Mart International Group Limited announced that Ms. Yang Tao tendered her resignation as an executive Director with effect from March 20, 2024, in order to focus on IP operation and product R&D. She will remain as the vice president of the Company. The Board announced that Mr. Moon Duk II has been appointed as an executive Director of the Company with effect from March 20, 2024. Mr. Moon Duk II, aged 45, is the vice president and president of international business of the Company.

Mr. Moon joined the Group in August 2018, responsible for overseeing the overseas business department of the Company. Prior to that, Mr. Moon served successively as a global business planning specialist, global business planning senior specialist and global business planning junior manager at the business development department of CJ CheilJedang Corporation from July 2013 to July 2018, and a manager of the global strategy department of CJ ENM from January 2009 to May 2013. From December 2004 to December 2008, Mr. Moon served at the planning management department of Lotte Cinema Co.

Ltd. Mr. Moon received his bachelor's degree in Chinese from Konkuk University in Korea in February 2005, and his master's degree in business administration from Peking University in the PRC in July 2018. Mr. Moon has entered into a service agreement with the Company. The initial term of his service agreement shall commence from the Appointment Date and continue for a period of three years, and shall be subject to re-election as and when required under the articles of association of the Company, until terminated in accordance with the terms and conditions of the service agreement or by either party giving to the other not less than three months' prior notice in writing.

Mr. Moon will not receive any director's fee from the Company as the remuneration of Mr. Moon will be covered by his current employment in the Company with reference to his responsibilities and performance and the prevailing market conditions and trends.