The board of directors of China Beststudy Education Group announced that Mr. Peng Xue tendered his resignation as an independent non-executive director of the Company with effect from 4 July 2022 as he cannot take on more responsibilities of the Company due to his other business commitments that require more of his dedication. Upon Mr. Xue's resignation, he has also ceased to be the chairman of the audit committee of the Company (the "Audit Committee") and a member of the remuneration committee of the Company.