The Board of Jiu Zun Digital Interactive Entertainment Group Holdings Limited announced that with effect from 23 May 2022: Mr. Lu Jian has resigned as the executive Director, the chairman of the Board (Chairman) and the chairman of the nomination committee of the Board; Ms. Su Shaoping and Mr. Tsui Wing Tak have resigned as the non- executive Directors; Mr. Zhao Junfeng has resigned as the independent non-executive Director, the
chairman of the Audit Committee, a member of the remuneration committee of the Board and a member of the Nomination Committee; and Mr. Zhuang Wensheng has resigned as the independent non-executive Director, the chairman of the Remuneration Committee, a member of the audit
committee of the Board (Audit Committee') and a member of the Nomination Committee. The resignation was due to change in control of the Company after Completion and the close of the Share Offer. The Board announces that with effect from 23 May 2022: Mr. Liang Junhua has been re-designated as a non-executive Director. Mr. Liang Junhua aged 35, was appointed as a chief financial officer of the Company since February 2018, re-designated as an executive Director in February 2020, and further re-designated as a non-executive Director on 23 May 2022. The Board further announces that with effect from 23 May 2022: Mr. Wang Le has been appointed as the executive Director, the Chairman and the chairman of the Nomination Committee; Mr. Chen Ying has been appointed as the executive Director; Mr. Wang Ning has been appointed as the non-executive Director and a member of the Remuneration Committee; Mr. Leung Ming Shu has been appointed as the independent non-executive Director, the chairman of the Audit Committee and a member of the Nomination Committee; Mr. Choi Onward has been appointed as the independent non-executive Director, a member of the Audit Committee and a member of the Remuneration Committee; and Mr. Tang Shun Lam has been appointed as the independent non-executive Director, the chairman of the Remuneration Committee and a member of the Nomination Committee. Mr. Wang Le, aged 42, has been the chairman of Beijing Infinities Interactive Media Company Limited since August 2015. Mr. Chen Ying, aged 48, has been serving as the secretary of the
board of Beijing Infinities since March 2015. Prior to that, Mr. Chen worked as a senior vice president of the investment banking division at Brean Capital, LLC (previously known as Brean Murray, Carret & Co) from July 2008 to May 2014. Mr. Wang Ning, aged 43, has been serving as an independent non-executive director, chairman of the remuneration committee as well as member of the audit, nomination, risk management and share award committees of Zhong Ji Longevity Science Group Limited since April 2022. Mr. Leung Ming Shu, aged 46, has over 20 years of experience in the areas of corporate finance and accounting. He is the founder of the private equity fund Harmony Capital and has served as the founding partner since 2017. Mr. Choi Onward, aged 51, has served as directors of companies listed in Hong Kong and New York. Prior to joining the Group, Mr. Choi served as the acting chief financial officer of NetEase Inc. from July 2007 to June 2017. Mr. Liang Junhua ceased to be the Authorised Representative; Mr. Tsui Wing Tak ceased to be the Authorised Representative, the Process Agent, and the Company Secretary; Ms. Wong Wai Yee Ella has been appointed as the Authorised Representative, the Process Agent and the Company Secretary; Mr. Wang Ning has been appointed as the Authorised Representative.