The board of directors of Wanda Hotel Development Company Limited announced that with effect from 22 April 2021: Mr. Ding Benxi ("Mr. Ding"), chairman of the Board ("Chairman") and a non-executive Director of the Company, has resigned from the position of the Chairman and chairman of the nomination committee of the Company due to his desire to devote more time to his personal endeavours, but Mr. Ding will remain as a non-executive Director of the Company; and Mr. Ning Qifeng ("Mr. Ning"), an executive Director of the Company, has been appointed as the Chairman and chairman of the nomination committee of the Company in place of Mr. Ding.