Weibo Corporation announces that Mr. Daniel Yong Zhang has resigned from the board of directors of the Company effective as of January 10, 2022. Furthermore, the Company announce that Mr. Pen Hung Tung ("Mr. Tung") has been appointed as a director of the Company, effective as of January 10, 2022. Mr. Tung is currently the Chief Marketing Officer of Alibaba Group.

Mr. Tung joined Alibaba Group in January 2016.