Starrise Media Holdings Limited announced that Ms. Chen has tendered her resignation as an executive Director with effect from 1 June 2021. The board announced that with effect from 1 June 2021, Ms. Yang was appointed as an executive Director. Ms. Yang has over 20 years of experience in the field of media and advertising. From September 2003 to April 2014, she served as the managing director of the Beijing branch of a multinational media agency which specialises in advertising and marketing for domestic and international clientele. Ms. Yang joined Beijing Starwise Culture Media Co. Ltd. ("Beijing Starwise"), which became a wholly-owned subsidiary of the Group in 2017, since May 2015 and is currently the president of Beijing Starwise and is mainly responsible for overseeing the management, operation and development of intellectual properties.