The board of directors of A8 New Media Group Limited announced the following changes of independent non-executive director and composition of board committees with effect from 20 September 2022: Mr. Li Feng resigned as an Independent Non-executive Director due to his personal career development, and cease to be the member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Board. Mr. Gao Shenglin has been appointed as an Independent Non-executive Director and member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the Board. Mr. Gao, aged 61, has more than 35 years of extensive professional and managerial experience in the energy industry, particularly in the power industry.

Mr. Gao has worked for Beijing Power Design Institute Formerly known as Beijing Power Supply Bureau Design Institute, the Import Office of China International Water & Electric Corporation, the Beijing Representative Office of American AES Corporation as the general manager of power plant projects. In 2002, Mr. Gao founded Beijing Zhongrui Haotian Information Technology Co. Ltd. and served as the general manager.

Mr. Gao graduated from North China Electric Power University in 1983 with a bachelor's degree in electrical engineering, graduated from China Electric Power Research Institute in 1988 with a master's degree in engineering, and graduated from The George Washington University, Washington D.C., USA in 1993 with a master's degree in computer science. Mr. Gao has entered into a letter of appointment with the Company for a term of three years from 20 September 2022. He will hold office until the next annual general meeting of the Company and will then be eligible for re-election at such meeting in accordance with the Bye-laws.

Pursuant to the letter of appointment, Mr. Gao is entitled to HKD 120,000 per annum as Director's fee, with reference to his duties, responsibilities and the prevailing market conditions.