The board of directors of China National Culture Group Limited announced that with effect from 27 April 2022, Mr. Shi Junfeng has resigned as executive director of the Company and Chairman of the Board so as to devote more time to his other business commitment. Mr. Shi has confirmed that he has no claim against the Company in respect of his resignation and has no disagreement with the Board and there is no other matter in relation to his resignation that should be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.