China Bright Culture Group board of directors of the Company announced that, with effect from 15 March 2024: Mr. NIE Lei (Mr. Nie) has tendered his resignation for his positions in the Company as an executive Director and a member of the remuneration committee of the Board (the Remuneration Committee) due to a change in his duty in Group; Mr. YU Xuezhong (Mr. Yu) has tendered his resignation for his positions in the Company as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the nomination committee of the Board (the Nomination Committee) due to personal reasons; and Ms. SUN Jing (Ms. Sun) has tendered her resignation for her positions in the Company as an independent non-executive Director, the chairlady of the audit committee of the Board (the Audit Committee), a member of the Remuneration Committee and a member of the Nomination Committee due to a change in her personal career planning. Each of Mr. Nie, Mr. Yu and Ms. Sun confirmed that they have no disagreement with the Board and there is no matter relating to their individual resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board announced that with effect from 15 March 2024, (i) Mr. MA Hongsen has been appointed as an executive Director and a member of the Remuneration Committee; (ii) Ms. WU Yaping has been appointed as a non-executive Director and a member of the Audit Committee; (iii) Mr. HAN Hao has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee; and (iv) Mr. To Siu Lun, an independent non-executive Director, has been appointed as the chairman of the Audit Committee. Mr. MA Hongsen (Mr. Ma), aged 42, has been appointed as an executive Director and a member of the Remuneration Committee with effect from 15 March 2024. Mr. Ma is currently the partner of Houshi Private Equity Fund Management (Hainan) Co. Ltd. and is mainly responsible for market research and investment-related management in relation to the private equity projects. From December 2015 to May 2021, Mr. Ma was the partner of Beijing Yunsen Investment Management Co. Ltd. and was mainly responsible for the investment management in Chinese and Hong Kong stock markets. From September 2011 to December 2015, Mr. Ma served as the associate director of UBS AG (Hong Kong) and was mainly responsible for managing overseas assets for domestic high-net-worth clients and providing tax planning and wealth investment advice for the clients. From August 2004 to September 2011, Mr. Ma served as the branch manager at Standard Chartered Bank (Huamao Sub-branch) and was mainly responsible for team building management. Mr. Ma obtained a bachelor's degree in investment from the Central University of Finance and Economics in the PRC in 2004. Pursuant to the service contract entered into between the Company and Mr. Ma, Mr. Ma is appointed for a fixed term of three years commencing on 15 March 2024. Ms. WU Yaping (Ms. Wu), aged 26, has been appointed as a non-executive Director and a member of the Audit Committee with effect from 15 March 2024. Ms. Wu currently serves as the general industry marketing manager-in-charge in Beijing Feishu Technology Co. Ltd., where she is responsible for the implementation of marketing activities, content development and dissemination planning for target markets. From November 2020 to July 2022, Ms. Wu served as the marketing manager in Huawei Technologies Co. Ltd. (Huawei) and was responsible for the cooperative expansion and dissemination of the Huawei TECH4ALL digital inclusion project. From August 2018 to November 2020, Ms. Wu served as the customer relationship manager in Huawei and was responsible for managing the relationship with several high-level clients. Ms. Wu obtained a bachelor's degree in broadcasting and hosting from Hunan University in 2018. Pursuant to the letter of appointment entered into between the Company and Ms. Wu, Ms. Wu is appointed for a fixed term of three years commencing on 15 March 2024. Mr. HAN Hao (Mr. Han), aged 54, has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee, a member of the Audit Committee and a member of the Nomination Committee with effect from 15 March 2024. Mr. Han currently serves as the vice chairman of the board and the chief executive officer in Beijing
Xinyuanli Technology Co. Ltd. From April 2019 to November 2021, Mr. Han served as chief planning officer and vice president in Crazy Sports Group Limited and was responsible for the formulation and implementation of the development strategy of the Crazy Sports Group Limited. From July 2007 to April 2019, Mr. Han served as the director () of Beijing Radio, Film and Television Bureau. From August 1992 to July 2007, Mr. Han worked as a producer in Beijing Radio and Television Station and was responsible for the production of many influential TV programs. Mr. Han obtained a bachelor's degree in foreign language for specific purposes from the Beijing University of Technology in the PRC in 1992, and a master's degree in television journalism from the Communication University of China in the PRC in 2018.