The board of directors of Beijing Capital Grand Limited announced that Mr. Lee Sze Wai ("Mr. Lee") has tendered his resignation as the company secretary of the Company, the authorised representative of the Company pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the authorised representative for the acceptance of 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 "Authorised Representative") with effect from 7 June 2021. Mr. Lee has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of the shareholders of the Company. The Board further announced that Mr. Zhong Beichen, a director of the Company, has been appointed as the Authorised Representative with effect from 7 June 2021. The Company is in the process of identifying suitable candidate to fill in the vacancy of the company secretary and will ensure that suitable candidate(s) will be appointed as soon as practicable in order to ensure compliance by the Company with Rule 3.28 of the Listing Rules.