The board (the "Board") of directors (the "Directors") of China Beststudy Education Group (the "Company") announced that Mr. Wai Ng ("Mr. Ng") has been appointed as a non- executive Director of the Company, with effect from 28 March 2023 (the "Effective Date"). Mr. Ng, aged 49, obtained a bachelor's degree in economics from University of International Business and Economics in 1994, and obtained the degree of master of philosophy from The Chinese University of Hong Kong in 2003. Mr. Ng served as a manager for Dao Heng Securities Limited (subsequently renamed as GuocoCapital Limited from 2006 to 2009; he served as a deputy general manager of research department in Guosen Securities (HK) Financial Holdings Company Limited from 2009 to 2013; he served as an executive director of China Securities (International) Finance Holding Company Limited from 2013 to 2019; and he has served as the chief executive officer, director and partner in Hung Sing Securities Limited and Hung Sing Asset Management Limited since 2019.