The board of directors of Strawbear Entertainment Group announced that Mr. Wang Jun (Mr. Wang) has tendered his resignation as a non-executive Director, and ceased to be a member of the audit committee of the Board with effect from April 27, 2021 due to personal health reason. The board announced that Ms. Zeng Ying (Ms. Zeng) has been appointed as a non-executive Director and a member of the Audit Committee with effect from April 27, 2021. Ms. Zeng is primarily responsible for providing strategic advice and making recommendations on financial management and business development to the Board. Ms. Zeng joined iQIYI Inc. in February 2017 as the vice president of finance department, primarily responsible for the overall financial management and procurement of iQIYI Inc.