The board of directors (?Board?) of Beijing Fourth Paradigm Technology Co., Ltd. (the ?Company?, together with its subsidiaries, the ?Group?) announced that Mr. Hu Shiwei (?Mr. Hu?), the chief architect of the Company, will be appointed as the president of the Company with effect from January 12, 2024. Mr. Pei Misi (?Mr. Pei?), the former president of the Company, tendered his resignation from the position of the president of the Company with effect from January 12, 2024 in order to devote more time and efforts to his personal career. Hu Shiwei, aged 37, joined the Group in March 2015 as chief architect and was the shareholders' representative supervisor from November 2016 to July 2021.

. Prior to joining the Group, Mr. Hu served as a senior research and development engineer at Baidu.com Times Technology (Beijing) Co., Ltd. from April 2011 to June 2014, where he was responsible for providing support in relation to technology architecture. Before joining the Group in March 2015, Mr. Hu served as head of internet research and development department at Beijing Home Link Real Estate Broker Co., Ltd. from June 2014.

Mr. Hu currently serves as a director of Shanghai Fan'an Technology Co., Ltd., one of the subsidiaries of the Group.