The board of Maoyan Entertainment hereby announces that, on November 16, 2022, Mr. Cheng Wu has tendered his resignation as a non-executive Director with effect from November 16, 2022 due to personal work arrangement. The Board announced that, on November 16, 2022, Mr. Sun Zhonghuai has been appointed as a non-executive Director with effect from November 16, 2022. Mr. Sun, aged 49, has 19 years of experience in media industry and management.

He joined Tencent Holdings Limited in July 2003 and currently serves as Vice President of Tencent and CEO of Tencent Video. Mr. Sun was appointed as a director of Linmon Media Limited on August 31, 2021, and re-designated as its non-executive director on September 24, 2021. Mr. Sun obtained an Executive Master of Business Administration degree from Renmin University of China in June 2009.