Wisdom Sports Group announces that with effect from 23 January 2024, Dr. Shen Wei has resigned as an executive Director and a member of the remuneration committee of the Board; Ms. Hao Bin has resigned as an executive Director, the Company Secretary and an Authorised Representative of the Company; and Mr. Ip Kwok On Sammy has resigned as an independent non-executive Director, a member of each of the audit committee of the Board and the nomination committee of the Board. The Board announces that with effect from 23 January 2024, Ms. Ren Wen has been re-designated as a co-chairlady of the Board and has resigned as the chairlady of the Nomination Committee. Biographical details of Ms. Ren Wen are as follows:­ Ms. Ren Wen, also known as Ms. Ren Guozun, aged 47, is the founder of the Group and is the co- chairlady of the Board.

She founded Beijing Wisdom Media in 2007, and led the Company to its listing on the Main Board of the Stock Exchange in July 2013. Ms. Ren was appointed as the deputy chairlady of Chinese Sports Culture Promotion Federation in 2014. Ms. Ren obtained a diploma in journalism from the Beijing Broadcasting Institute (currently known as the Communication University of China in January 2000.

The Board announced that with effect from 23 January 2024: Mr. Wong Man Keung has been appointed as an executive Director, a co- chairman of the Board, a member of the Remuneration Committee and the chairman of the Nomination Committee; Ms. Ren Song has been appointed as an executive Director and a co-chairlady of the Board; Mr. Lee Kin Fai has been appointed as an independent non-executive Director of the Board and a member of each of the Audit Committee and the Nomination Committee; and Ms. Gao Wenjuan has been appointed as an independent non-executive Director of the Board. Mr. Wong, aged 56, is a member of the Institute of Certified Management Accountants of Australia. Mr. Wong has extensive experience in direct investment, commercial banking and manufacturing in the People's Republic of China.

From November 2011 to January 2017, Mr. Wong was appointed as an executive director and chief executive officer of Green International Holdings Limited, whose shares are listed on main board of the Stock Exchange. From November 2017 to March 2020, Mr. Wong was appointed as an executive director of Lamtex Holdings Limited, whose shares were formerly listed on the main board of the Stock Exchange. From January 2024, Mr. Wong was appointed as an executive director of Golden Century International Holdings Group Limited, whose shares are listed on main board of the Stock Exchange.

Ms. Ren, aged 47, graduated with a bachelor's degree in economic management. Ms. Ren has extensive experience in organizing, promoting and operating of large scales events. In 1998, Ms. Ren served at NARI Group Corporation and was responsible for team training.

Since then, Ms. Ren has been working in the management role and has outstanding performance in relation to human resource management, administration, marketing, operations, financing and government relations. Ms. Ren has also won various industry awards for her companies over the years. Ms. Ren has rich experience in organizing and promoting large-scale events.

In recent years, Ms. Ren has started to collaborate with many world organizations, such as the United Nations Industrial Development Organization, the World Health Organization, the World Wildlife Fund, etc. to co-organize large-scale events and is fully responsible for the preparation of the preparation, operation and promotion work. Mr. Lee, aged 51, is a fellow member of The Hong Kong Institute of Certified Public Accountants.

Mr. Lee obtained a master's degree in business administration from the Manchester Business School of The University of Manchester in the United Kingdom in 2007. Mr. Lee has over 20 years of experience in auditing, accounting, and company secretary roles, including working with international accounting firms, private companies, and public companies. Ms. Gao, aged 37, graduated from Huazhong University of Science and Technology with a bachelor's degree in journalism.

Ms. Gao has extensive experience in auditing, accounting and consulting. Since 2010, Ms. Gao has started working in finance, taxation and auditing practices. Ms. Gao has extensive financial knowledge given her management experience in various well-known domestic consulting and management companies of which she is mainly responsible for auditing of Hong Kong enterprises.

Her rich experience in the auditing requirements of both mainland and Hong Kong can provide useful consulting advice to the Company. In consideration of Ms. Hao's resignation as the Company Secretary, the Board announces that Mr. Chan Kui Ming has been appointed as the Company Secretary of the Company with effect from 23 January 2024. Set out below are the biographical details of Mr. Chan: Mr. Chan is a Chartered Secretary, a Chartered Governance Professional and an Associate of both The Hong Kong Chartered Governance Institute (formerly known as The Hong Kong Institute of Chartered Secretaries) and The Chartered Governance Institute (formerly known as The Institute of Chartered Secretaries and Administrators) in the United Kingdom.

Following the resignation of Ms. Hao, she has also ceased to be an authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules with effect from 23 January 2024. Mr. Wong, the newly appointed executive Director, has been appointed as an authorised representative for the purpose of Rule 3.05 of the Listing Rules with effect from 23 January 2024.