The board of directors (the "Board") of Beijing Capital Grand Limited (the "Company") announced that Ms. Peng Sisi ("Ms. Peng") has tendered her resignation as the company secretary of the Company, the authorized representative of the Company pursuant to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited and the authorized representative for accepting service of process and notices in Hong Kong on behalf of the Company pursuant to the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Authorized Representative") with effect from 29 September 2020. Ms. Peng has confirmed that there is no disagreement with the Board and there are no matters relating to her resignation that need to be brought to the attention of the shareholders of the Company. The Board further announced that Mr. Lee Sze Wai ("Mr. Lee") has been appointed as the company secretary of the Company and the Authorised Representative with effect from 29 September 2020. Mr. Lee is a member of the Hong Kong Institute of Certified Public Accountants, The Chartered Governance Institute (formerly known as Institute of Chartered Secretaries and Administrators) and the Hong Kong Institute of Chartered Secretaries.