The board of directors of Creative China Holdings Limited announced that Mr. Wang Yong has been redesignated as an executive Director with effect from 18 September 2023. Mr. Wang Yong, aged 54, was appointed as a non-executive director of the Group on 21 April 2015 and has been redesignated as an executive Director with effect from 18 September 2023. Mr. Wang is primarily responsible for supervising the Group's overall management and strategic planning.

Mr. Wang was the deputy managing director at Beijing Tianyi Jinxiu Co. Ltd. during 2003 to 2022. Mr. Wang entered into a letter of appointment with the Company regarding his appointment as an executive Director for a term of three years commencing from the date of this announcement, which will be automatically renewed for successive one-year periods unless terminated by either party giving at least three month's written notice.

Mr. Wang's directorship is subject to retirement by rotation and re-election at annual general meetings in accordance with the articles of association of the Company. The Board further announced that with effect from 18 September 2023, Mr. Tan Song Kwang has tendered his resignation in respect of his positions as an independent non-executive Director, and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee due to his personal engagements which require more of his time and attention. The Board further announced that with effect from 18 September 2023, Mr. Wang Xinghua has been appointed as an independent non-executive Director, and a member of each of the Audit Committee, Remuneration Committee and Nomination Committee.

Mr. Wang XH, aged 41, obtained a degree of Bachelor of Engineering in materials science and engineering from Shanghai Jiao Tong University in July 2005. Mr. Wang XH has over 15 years of experience in audit and accounting. Mr. Wang XH has obtained the certificate for passing all the required subjects of the National Uniform CPA Examination of the PRC in January 2008, and he is a non-practising member of the Chinese Institute of Certified Public Accountants.

Mr. Wang XH is the China Finance FP&A Director of EF English First Language Training (Shanghai) Co. Ltd. since May 2017. Prior to his current role, Mr. Wang XH had served as a senior manager at Deloitte Touche Tohmatsu China and as assistant controller at Otis Elevator Management (Shanghai) Company Limited.

Mr. Wang XH has entered into a letter of appointment with the Company. The letter of appointment is for an initial term commencing on 18 September 2023 and shall continue thereafter subject to a maximum of three years unless terminated by either party giving at least one month's notice in writing. Mr. Wang XH's directorship is subject to retirement by rotation and re-election at annual general meetings in accordance with the Articles.

Pursuant to Article 83(3) of the Articles, Mr. Wang XH shall hold office until the next following annual general meeting of the Company and shall then be eligible for re-election at such meeting.