The board of directors (the "Board") of BeijingWest Industries International Limited announced that Mr. Zhao Jiuliang ("Mr. Zhao") has resigned as Executive Director of the Company
and the Chairman of the Board with effect from 21 September 2022 and will ipso facto cease to act as the chairman of the Executive Committee, the chairman of the Nomination Committee and a member of the Remuneration Committee of the Company from the same date; Mr. Dong Xiaojie ("Mr. Dong") has been appointed as Executive Director of the
Company and the Chairman of the Board, as well as the chairman of the Executive Committee, the chairman of the Nomination Committee and a member of the Remuneration Committee of the Company with effect from 21 September 2022; and Mr. Dong, aged 60, Mr. Dong graduated from the Hebei Normal University, majoring in mathematics in 1984. Mr. Dong was the chairman of Hebei Shengyuan Asset Management Consulting Co. Ltd. for the period from April 2005 to October 2010. Moreover, he was the chairman of Beijing Old Street Shengyuan Venture Capital Management Co. Ltd. for the period from April 2010 to September 2014. For the period from February 2015 to August 2016, Mr. Dong
was a director of Robyn Hode Capital Limited. He is the president of Zhangjiakou Financial Holding Group Co. Ltd. ("Zhangjiakou Holding") since July 2016. Zhangjiakou Holding is currently a substantial shareholder of the Company within the meaning of Part XV of the Securities and Futures Ordinance (the "SFO"). He has been appointed as an independent non-executive director and the chairman of the remuneration committee of Orient Victory Smart Urban Services Holding Limited (Stock Code: 265), a Hong Kong listed company since September 2014. A service agreement was entered into between Mr. Dong and the Company for a term commencing on 21 September 2022 and ending on 31 December 2023, subject to renewal. Under the service agreement, Mr. Dong will be entitled to a salary and discretionary bonus as may be determined by the Board or its delegated committee(s) from time to time. Mr. Dong declined any salary from the Group voluntarily since the date of his appointment as a Director of the Company. In accordance with the articles of association of the Company, Mr. Dong will hold office until the first general meeting of the Company after his appointment and shall then be eligible for re-election. Thereafter, Mr. Dong will be subject to rotation requirements as contained in the articles of association of the Company and shall retire from office by rotation at least once every three years. Save as disclosed above, Mr. Dong does not hold any directorships in other Hong Kong or overseas listed public companies in the last three years and does not have any relationship with any directors, senior management or substantial or controlling shareholders of the Company. There is no information relating to the appointment of Mr. Dong as a director which is discloseable nor is/was he involved in any of the matters required to be disclosed pursuant to any of the requirements of the provisions under Rules 13.51(2)(h) to (v) of the Listing Rules, and there is no other matter that needs to be brought to the attention of the shareholders of the Company. Mr. Zhao resigned as Director due to his other business engagement. Mr. Zhao has confirmed that he did not have any disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. With effect from 21 September 2022, the members of the Board and the memberships of the four Board committees of the Company are as follows: Members of the Board: Mr. Dong Xiaojie (Chairman), Mr. Chen Zhouping (Managing Director). Non-executive Director: Mr. Li Zhi. Independent Non-executive Directors: Mr. Tam King Ching, Kenny, Mr. Yip Kin Man, Raymond, Mr. Chan Pat Lam.