The board of directors of Digital Hollywood Interactive Limited announced that with effect from December 15, 2023, Ms. Luo Simin has been appointed as an executive Director of the Company. Ms. Luo, aged 41, joined the Group in 2014. She is currently responsible for board matters, information disclosure and investor relations management of the Group.

Ms. Luo has over 20 years of experience in the field of financial management. Ms. Luo worked in China Merchants Bank Co. Ltd. Guangzhou Branch from October 2001 to July 2014, during which she acquired extensive knowledge about the characteristics and risk assessment of various financial products of the bank.

In October 2014, Ms. Luo joined the finance centre of the Group and was appointed as the financial officer, during which, with her many years of experience in fund and risk management, she provided the Group with fund risk management based on global payments and diversified fund management solutions. Ms. Luo served as the director of investor relations of the Group since December 2017. Adhering to her many years of financial services industry spirit and excellent communication skills, she promotes investors' understanding and recognition of the business philosophy and development prospects of the Company.

Ms. Luo graduated from China Central Radio and Television University in 2009, majoring in finance. Ms. Luo is the spouse of Mr. Lu Yuanfeng, who is the executive Director, Chief Executive Officer and Chairman of the Company. Ms. Luo entered into a letter of appointment with the Company for an initial fixed term of three years commencing on December 15, 2023.

Either party has the right to give not less than three months' prior written notice to terminate the letter of appointment. Subject to the provisions of re- election or retirement by rotation at the annual general meeting of the Company and vacation of office in accordance with the articles of association of the Company, Ms. Luo shall hold office only until the next annual general meeting of the Company and then be eligible for re-election. Ms. Luo will receive a salary of RMB 132,000 per annum under the letter of appointment, which was determined by the Board after taking into account of Ms. Luo's background, experience, qualifications, and also the duties and responsibilities to be assumed by her within the Group, with reference to prevailing market rates.

Ms. Luo will also be entitled to a discretionary performance bonus as may be determined by the Board in relation to her services rendered to the Group.