The board of directors (the "Board") of Beijing Enterprises Holdings Limited announced that Due to retirement, Mr. LI Yongcheng has tendered his resignation as Executive Director, Chairman of the Board, Member of the Remuneration Committee, Chairman of the Nomination Committee and Chairman of the Investment Committee; Mr. DAI Xiaofeng, being Executive Director of the Company, has been re- designated as Executive Director and Chairman of the Board, Member of the Remuneration Committee, Chairman of the Nomination Committee and Chairman of the Investment Committee. The abovementioned Board changes will take effect on 11 July 2022.