The board of directors of Alibaba Pictures Group Limited announced that Mr. Liu Zheng (Mr. Liu) has tendered his resignation as a non-executive Director with effect from May 15, 2023 to focus on his other work commitments with Alibaba Group. The Board also announced that with effect from May 15, 2023, Mr. Tung Pen Hung (Mr. Tung) has been appointed as a non-executive Director. Mr. Tung, aged 53, has been the president of corporate development department of Alibaba Group since May 2023. From January 2016 to April 2023, he was the chief marketing officer of Alibaba Group. He was also the president of Alimama from November 2017 to November 2018. He was the chief executive officer of VML China from October 2010 to January 2016. Prior to joining VML China, he was at PepsiCo China from October 2004 to October 2010 where he served as vice president of marketing. Prior to that, Mr. Tung worked at Proctor & Gamble from 1995 to 1998, Gigamedia from 1998 to 2001 and L'Oréal Paris from 2001 to 2003 in various senior management positions. Mr. Tung has been a director of Weibo Corporation and the Main
Board of the Stock Exchange and a non-executive director of AGTech Holdings Limited since January 10, 2022 and May 12, 2023, respectively. He received a bachelor of science in electrical engineering from the Taiwan University and a master of science in engineering from the University of Michigan, Ann Arbor, the United States in 1992 and 1995, respectively.