The board of directors of Xinhua Winshare Publishing and Media Co., Ltd. announced that the Board received a resignation letter from Mr. Fang Bingxi on 25 October 2023. Mr. Fang has served as an independent non-executive Director of the Company since 2017. Since he will soon have served as an independent non-executive Director of the Company consecutively for six years, Mr. Fang has applied to resign as independent non-executive Director and the respective positions as the chairman of the nomination committee and a member of the audit committee of the Board according to relevant regulations such as the Administrative Measures for Independent Directors of Listed Companies promulgated by the China Securities Regulatory Commission and the Self-regulatory Guideline No.

1 for Listed Companies of Shanghai Stock Exchange ­ Standardized Operation promulgated by the Shanghai Stock Exchange. The above resignation will be effective from the day when the new independent non-executive Director elected in the forthcoming general meeting of the Company takes office. Since after Mr. Fang's resignation as an independent non-executive Director, the number of independent non-executive Directors of the Company will be less than one-third of the total number of Board members, before the taking office of the newly elected independent non-executive Director of the Company, Mr. Fang will continue to perform his corresponding duties and obligations as an independent non-executive Director, the chairman of the Nomination Committee and a member of the Audit Committee.

The Company will complete the election of an independent non-executive Director as soon as possible in accordance with legal procedures as stipulated in relevant regulations such as the Company Law of the People's Republic of China and the Articles of Association. The Company will make an announcement on the election of the new independent non-executive Director in due course.