China Education Group Holdings Limited announced that (i) Mr. Yu Guo (Mr. Yu') has notified the board of his plan of retirement and will retire as an executive Director, the co-chairman of the Board (Co-chairman) and the chairman of the nomination committee of the company (the nomination committee), and (ii) Mr. Xie Ketao (Mr. Xie) has also notified the board of his plan of retirement and will retire as an executive Director and the Co-chairman, with effect from 27 June 2024, due to their age and their plans to devote more time to their families. The board announced that, upon the retirements of Mr. Yu and Mr. Xie, Dr. Yu Kai (Dr. Yu), an existing executive Director and the chief executive officer of the company (the Chief Executive Officer), and Mr. Wang Rui (Mr. Wang), an existing executive Director, have been appointed as the Co-chairmen, with effect from 27 June 2024. Following the appointment of Dr. Yu as the Co-chairman, Dr. Yu will serve as both the Co-chairman and the Chief Executive Officer.

Following the retirement of Mr. Yu, with effect from 27 June 2024, Dr. Yu is appointed as the chairman of the nomination committee.