The board of directors of China Literature Limited announced that Mr. Cheng Wu has tendered his resignation as an executive Director, Chief Executive Officer of the Company, the chairman of the strategy and investment committee of the Board ("Strategy and Investment Committee") and the authorized representative of the Company under Rule 3.05 of the Listing Rules with effect from May 10, 2023 due to the change of his personal life plan. Upon his resignation, he will remain as a consultant of the Company and has entered into a management consultancy agreement with the Company. Mr. Cheng has confirmed that he has no disagreement with the Board and that he is not aware of any matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

Following the resignation of Mr. Cheng, the Board further announced that with effect from May 10, 2023: Mr. Hou Xiaonan who is currently an executive director and the President of the Company has been appointed as Chief Executive Officer of the Company and the authorized representative of the Company under Rule 3.05 of the Listing Rules; and Mr. Hou has been re-designated from a member of the Strategy and Investment Committee to the chairman of the Strategy and Investment Committee. Mr. Hou Xiaonan, aged 43, is currently an executive Director, Chief Executive Officer, the President of the Company and the chairman of the Strategy and Investment Committee of the Board. Mr. Hou joined the Group on April 27, 2020 and currently holds positions within certain members of the Group.

He is responsible for the overall strategic planning and business operation of the Company. Mr. Hou Xiaonan joined Tencent in 2003 and has held various management positions for Tencent businesses including Mobile QQ, Qzone, Tencent Open Platform, YingYongBao, Qingteng and Penguin Media Content Platform, acting as a core figure in Tencent's open ecosystem strategy. He has extensive and in-depth management experience in product operation, business model innovation, and ecosystem cooperation.

Currently, Mr. Hou Xiaonan also serves as the Vice President of the Platform and Content Group of Tencent and the Head of Tencent Animation and Comics. Mr. Hou graduated from Beijing University of Aeronautics and Astronautics in 2003, majoring in computer science, and holds an EMBA degree.