BBMG Corporation announced that the remuneration and nomination committee of the Board has reviewed the nomination of Mr. Jiang Yingwu as the president of the Company. The Board has approved the above nomination and has approved the appointment of Mr. Jiang Yingwu as the president of the Company at the twenty-seventh meeting of the fifth session of the Board convened on 30 December 2020. Mr. Jiang Yingwu, born in October 1966, has served as the president of the Company since 30 December 2020 and served as the deputy secretary of the communist party committee of the Company since December 2020. Mr. Jiang Yingwu had been the vice president of the Company from October 2016 to December 2020 and a standing member of the party committee of the Company from June 2017 to December 2020.