The Board of BBMG Corporation hereby announced that the Board received the resignation report of Mr. Jiang Yingwu dated 9 February 2023 in relation to the resignation from the position of general manager of the Company due to job change. Mr. Jiang Yingwu confirmed that he has no disagreement with the Board, nor is there any matter concerning his resignation that needs to be brought to the attention of the shareholders of the Company. According to the Company Law of the People's Republic of China, the Articles of Association of the Company and other relevant regulations, Mr. Jiang Yingwu's resignation will take effect from 9 February 2023.

After Mr. Jiang Yingwu resigned as the general manager of the Company, he continues to serve as an executive director of the Company, the chairman of the Board and the chairman of the Strategic Committee.