The board of directors of Changyou Alliance Group Limited announced that Ms. Hu Qing (Ms. Hu) and Ms. Liu Jingyan (Ms. Liu) have been appointed as non-executive Directors of the Company with effect from 12 April 2024. The biographical details of each of the new non-executive Directors are set out below: Ms. Hu, aged 41, has been appointed as a non-executive Director of the Company on 12 April 2024. Ms. Hu graduated from Wuhan University with a bachelor's degree in engineering in 2004.

She then obtained a Master of Business Administration degree from Renmin University of China. Ms. Hu has extensive experience in investment and financing evaluation and business management. Ms. Hu is currently the general manager of the investment department of BG City Development Group Limited (BG City), and a director of each of Beijing Enterprises City Development Limited and Beijing Phoenix City Operation Management Co.

Ltd., both of which are subsidiaries of BG City. Before joining BG City and its affiliates in 2011, Ms. Hu had worked in China Everbright Bank Company Limited and China State Construction Engineering Corporation Limited. Ms. Hu has entered into a service agreement with the Company with an initial term of three years commencing on 12 April 2024.

Ms. Hu shall hold office until the next annual general meeting of the Company and shall then be subject to retirement by rotation and re-election in accordance with the articles of association of the Company. Under her service agreement with the Company. Ms. Liu, aged 47, has been appointed as a non-executive Director on 12 April 2024.

She has been the administration director of Centchain Co. Ltd., an indirect non-wholly owned subsidiary of the Company, since 2018. Ms. Liu graduated from City University of Seattle in the United States of America with a Master of Business Administration degree in 2008 and from Shanghai Maritime University with a bachelor's degree in 2000.

She joined Beijing Century Fortunet Network Technology Co. Ltd. (Century Fortunet Network) in 2014 as senior administration manager and administration director. Prior to joining Century Fortunet Network, Ms. Liu had worked at various companies for over 14 years, including Beijing Tianhang International Freight Co.

Ltd., Beijing Ying Sheng Industrial & Trading Co. Ltd., Beijing Ideal Industrial Development Group, Siemens Networks Beijing Co. Ltd., Nokia Siemens (China) Investment Co.

Ltd., Nokia (China) Investment Co. Ltd., Avanade Information Technology Co. Ltd., where she held various positions including sales representative, administration officer, administration manager and assistant to president.

Ms. Liu has entered into a service agreement with the Company with an initial term of three years commencing on 12 April 2024. Ms. Liu shall hold office until the next annual general meeting of the Company and shall then be subject to retirement by rotation and re-election in accordance with the articles of association of the Company.