The Board of Directors of HengTen Networks Group Limited announced that Mr. Ke Liming has been appointed as an executive Director and the chairman of the Board with effect from 11 August 2021. Mr. Ke is currently the chief executive officer of Shanghai Ruyi Movie Television Production Co. Ltd. and the chief executive officer of Pumpkin Films Limited, and previously served as a senior analyst at a hedge fund management company. Mr. Huang Xiangui has resigned as an executive Director with effect from 11 August 2021, as he would like to focus on other business engagements in China Evergrande Group. Mr. Xu Wen has resigned as the chairman of the Board but will remain as an executive Director. Following the resignation of Mr. Xu as the chairman of the Board, Mr. Xu ceased to be a member of the remuneration committee of the Company (the ‘Remuneration Committee’), the chairman and a member of the nomination committee of the Company (the ‘Nomination Committee’); Mr. Ke has been appointed as a member of the Remuneration Committee and the chairman of the Nomination Committee with effect from 11 August 2021.