The board of directors of BeijingWest Industries International Limited announced that: Mr. Li Zhi (Mr. Li) has resigned as non-executive director of the company with effect from 2 August 2023 and will ipso facto cease to act as a member of the nomination committee of the company from the same date; Mr. Zheng Jianwei (Mr. Zheng) has been appointed as executive director of the company and a member of the executive committee of the company with effect from 2 August 2023. Mr. Li resigned as Director due to his other business engagement. Mr. Li has confirmed that he did not have any disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.

Mr. Zheng, aged 41, graduated from the School of Humanities and Laws of Hebei University of Technology with a Bachelor's degree in Laws and holds a legal professional and securities investment fund qualification in the People's Republic of China (the PRC). He worked as a lawyer in Hebei Lingxiang Law Firm for the period from May 2009 to October 2011. During the period from November 2011 to December 2018, Mr. Zheng worked with the People's Procuratorate of Langfang and his last position was Prosecutor.

Moreover, Mr. Zheng was the Risk Consultancy Director of Beijing Shengyuan Hande Asset Management Co. Ltd. for the period from January 2019 to October 2020. He was also the General Manager of Beijing Shengyuan Dezheng Private Fund Management Co.

Ltd. for the period from November 2020 to March 2023. Mr. Zheng has extensive experience in law, asset and fund management as well as corporate management. He has been as a director of BWI Company Limited (BWI HK) since August 2023.

BWI HK is a controlling shareholder of the Company within the meaning of Part XV of the Securities and Futures Ordinance (the SFO). With effect from 2 August 2023, the members of the Board and the memberships of the four Board committees of the company are as follows: Memberships of the Board committees: Executive Committee: Dong Xiaojie, Chairman; Chang Ket Leong, Member; Zheng Jianwei, Member. Audit Committee: Tam King Ching, Kenny, Chairman; Yip Kin Man, Raymond, Member; Chan Pat Lam, Member.

Remuneration Committee: Yip Kin Man, Raymond, Chairman; Dong Xiaojie, Member; Tam King Ching, Kenny, Member; Chan Pat Lam, Member. Nomination Committee: Dong Xiaojie, Chairman; Tam King Ching, Kenny, Member; Yip Kin Man, Raymond, Member; Chan Pat Lam, Member.