Huayi Tencent Entertainment Company Limited announced the following changes in the board of the company and senior management of the group with effect from 24 April 2024: Appointment of ZHAO John Huan (Mr. ZHAO') as non-executive director and chairman of the board (chairman) of the company; Mr. CHENG Wu (Mr. CHENG'), currently an executive director and the vice-chairman of the board of the company, is appointed as the chief executive officer (CEO') of the Group, and no longer hold the position as the vice-chairman of the Board; and re-designation of Mr. YUEN Hoi Po (Mr. YUEN'), currently an executive director of the company, from CEO to President of the Group. Mr. ZHAO John Huan, aged 61, a non-executive director and the chairman of the company. Mr. Zhao holds an MBA degree from the Kellogg School of Management at Northwestern University, Master's degrees in Electronic Engineering and Physics from Northern Illinois University, and a Bachelor's degree in Physics from Nanjing University.

Mr. ZHAO currently holds the position of the chairman of Hony Capital. Additionally, he serves as a non-executive director for Legend Holdings Corporation, Lenovo Group Limited, China Glass Holdings Limited, as well as the chairman and executive director of Goldstream Investment Limited and Best Food Holding Company Limited. Mr. Zhao served as a non-executive director of the following: Shanghai Jin Jiang International Hotels Development Co.

Ltd. (from September 2015 to May 2022); Eros STX Global Corporation (from July 2020 to April 2022); ENN Natural Gas Co. Ltd. (from December 2017 to July 2022); Simcere Pharmaceutical Group Limited (from August 2006 to August 2022) Zoomlion Heavy Industry Science and Technology Co. Ltd. (from June 2015 to June 2023).

Mr. CHENG Wu, aged 49, an Executive Director and CEO of the Company. He is a member of Executive Committee of the company. During the period from January 2024 until the date of his appointment as the CEO, he served as the senior advisor for the media and entertainment business of the Group.

Mr. CHENG graduated from Tsinghua University with a Bachelor of Science degree in Physics. He also gained an EMBA degrees from the Olin Business School at Washington University and the PBC School of Finance at Tsinghua University. Mr. Cheng joined Tencent Holdings Limited, since November 2009 and has been served as a Group Vice President, Chairman of Tencent Animation & Comic, Chairman of Tencent Literature and the Chief Executive Officer of Tencent Pictures.

He is responsible for the strategic planning and day-to-day operation of Tencent Animation & Comic, Tencent Literature, Tencent Pictures and Tencent Esports. In addition, Mr. Cheng is responsible for Tencent Group's marketing and public relations functions, and the marketing and strategy functions of Tencent's Interactive Entertainment Group. Mr. CHENG was also a non-executive director of Maoyan Entertainment from June 2020 to November 2022.

Since April 2020, Mr. Cheng has been appointed as the executive director, chief executive officer, chairman of the strategic and investment committee of the board and a member of remuneration committee of the board of China Literature Limited. Mr. CHENG resigned as an executive director, chief executive officer and other related positions of China Literature Limited in May 2023. Since then, he no longer holds any senior position in Tencent and its subsidiaries.

Mr. YUEN Hoi Po, aged 61, an Executive Director and President of the Company. He is the Chairman of Executive Committee and Corporate Governance Committee as well as a member of Remuneration Committee. Mr. YUEN holds a degree from the University of Heilongjiang.

Mr. YUEN is the sole member and the sole director of Smart Concept Enterprise Limited which is a substantial shareholder of the company pursuant to Part XV of the Securities and Futures Ordinance and a director of several subsidiaries of the company. Mr. YUEN has acquired extensive experiences in the commercial sector when he engaged in businesses, including trading, real estates, tourism and services, since 1990. Mr. YUEN is currently an independent non-executive director of Man Sang International Limited.