Starlight Culture Entertainment Group Limited announced that on 5 September 2023, the board (the "Board") of directors (the "Directors" and each a "Director") of Starlight Culture Entertainment Group Limited (the "Company", together with its subsidiaries, the "Group") resolved that with effect from 5 September 2023, each of Mr. Chau Chit and Mr. Wong Wai Kwan ceases to be a member of the nomination committee of the Board (the "Nomination Committee"). Following the above changes, the Nomination Committee comprises Mr. Tang Liang as the chairman, and Mr. Michael Ngai Ming Tak and Mr. Wu Hongliang as members. On 5 September 2023, the Board resolved that, with immediate effect upon conclusion of the forthcoming annual general meeting of the Company (the "AGM"), Mr. HU Fanghui "Mr. HU") will be appointed as an executive Director, and each of Mr. NIU Zhongjie "Mr. NIU") and Mr. XU Zhihao "Mr. XU") will be appointed as an independent non-executive Director. Mr. HU, aged 57, joined the Group in October 2021 as a managing director of the Group focusing on the Group's business development, government relations and capital markets. He is also currently serving as the chairman of the board of China Science IntelliCloud Technology Co. Ltd. and is responsible for the company 's strategy planning, public relations and investments. From 2010 to 2018, he served as the vice president of Chia Tai Group and the vice chairman and chief executive officer of CP Modern Living Group which he was responsible for real estate development, investments and general management of the group, the Belt and Road Initiative investment cooperation, government relations, and investment cooperation with large Chinese enterprises. From 2015 to 2010, Mr. HU served as the president of (Jinkaili Group*) and was responsible for real estate development and management, investments, and business operation management. Mr. HU received his Bachelor's degree in Management from (Beijing Jiaotong University*). Mr. NIU, aged 55, holds a Bachelor of Arts in Business Administration awarded by Northeast Missouri State University, Missouri USA in May 1994. He also holds a Degree of Master of Business Administration awarded by The University of Hong Kong in December 1999. Mr. NIU has worked with various financial institutions and has extensive experience in equity capital markets. He is currently the responsible officer for type 4 (advising on securities) and type 9 (asset management) regulated activities of Vision Finance Asset Management Limited. He is also a director of Vision Finance International Company Limited and the responsible officer of the company to carry on type 1 (dealing in securities) and type 6 (advising on corporate finance) regulated activities. He is currently an independent non-executive director of Nanjing Sample Technology Company Limited (stock code: 1708), Peiport Holdings Limited (stock code: 2885), New Media Lab Limited, the shares of which are listed on the Main Board of the Stock Exchange. Mr. NIU was an executive director of Beijing Sports and Entertainment Industry Group Limited the shares of which are listed on the Main Board,of the Stock Exchange (stock code: 1803) between 23 April 2015 to 7 November 2018. He was also an independent non-executive director of Gold-Finance Holdings Limited ("Gold-Finance") between 3 February 2016 and 15 May 2019. Gold-Finance was a company listed on the Main Board of the Stock Exchange (stock code: 1462) but the trading of Gold-Finance's securities on the Stock Exchange was suspended on 5 May 2019 and it was eventually delisted on 16 March 2021. As disclosed in the announcements made by Gold-Finance prior to its delisting, a winding-up petition was filed against Gold-Finance on 3 June 2019 in the High Court of Hong Kong and provisional liquidators were appointed in respect of Gold-Finance on 5 June 2019 as a result of a winding-up petition filed against Gold-Finance's controlling shareholder in April 2019, which falls within 12 months after Mr. NIU's ceasing to act as its independent non-executive director. For further details of the said winding-up petition and delisting, please refer to the announcements made by Gold-Finance. Based on public information, Gold-Finance was an investment holding company incorporated in the Cayman Islands as an exempted company with limited liability, and its principal activities were investment and asset management services in the PRC, property investment and development in the PRC and building services in Hong Kong. According to the Cayman Islands Gazette dated 10 May 2021 (Issue No. 10/2021), Gold-Finance was struck off from the Cayman Islands Companies Register on or around 29 May 2020 in accordance with the Companies Law of the Cayman Islands. Mr. NIU will enter into a letter of appointment as an independent non-executive Director with the Company for a term of three years commencing on the date on which his appointment takes effect unless terminated by one month's written notice or in certain circumstances in accordance with the terms of the letter of appointment, subject to rotation, removal, vacation or termination of such office and re-election at general meetings in accordance with the Listing Rules and the bye-laws of the Company. Pursuant to the letter of appointment, Mr. NIU will be entitled to an annual emolument of HK$120,000 (inclusive of salaries, director fees and other benefits) for acting as an independent non-executive Director, subject to review of the Remuneration Committee. Mr. NIU's emolument was determined by the Board with reference to his qualifications, experience, duties and responsibilities with the Company, as well as the Group's performance and the prevailing market conditions. Mr. XU, aged 52, graduated with a Bachelor 's degree in Laws from Guangzhou Jinan University in 1994 and obtained a master of Laws from the graduate school of China University of Political Science and Law in 2004. Mr. XU has been practising law since 1998 and has gained 20 years' experience in the legal industry. He founded Jincheng Tongda & Neal (Shenzhen) in 2003 and was the senior partner until 2019. He is currently a senior consultant
of the firm. Mr. XU specialises in finance, securities and dispute resolution, and provides legal services to various financial institutions and listed companies. He also focuses on the investments in medical and cultural exchange projects in the Greater Bay Area, and serves as a director of Global Medical Group Limited and an independent non-executive director of Net-a-Go Technology Company Limited, the shares of which are listed on the Main Board of the Stock Exchange.