Beijing Sports and Entertainment Industry Group Limited announced that Mr. Zhu Shixing and Mr. Zhang Tingzhe have resigned as an executive Director with effective February 25, 2021 due to their intention to devote more time on their own business commitment. Mr. Zhu will no longer hold any positions in any members of the Group upon his resignation becomes effective. Mr. Zhang will remain as the legal representative and director of a wholly-owned subsidiary of the Company upon his resignation becomes effective. The company also announced that Mr. Hou Gongda has been appointed as an executive Director with effect from February 25, 2021. Mr. Hou joined the Group in January 2016 and currently served as a director and chief financial officer of MetaSpace Air Dome Corporation.