Beijing Sports and Entertainment Industry Group Limited (BJ Sports & Ent) announced a series of senior management changes effective 17 April 2026.

Resignation and Re-designation • Mr. Liu Xue Heng resigned as Chairman and Chief Executive Officer citing personal health reasons and was re-designated from executive to non-executive director. • Liu, aged 52, had led the board since April 2016. His director’s remuneration remains HK$180,000 per annum. • He continues to hold 9.68 million share options in the company.

New Chairman • Non-executive director Mr. Hu Yebi, aged 62, was appointed Chairman. • Hu’s annual remuneration is unchanged at HK$180,000. • He controls approximately 18.72% of BJ Sports & Ent’s issued shares—263.57 million shares—including 0.97 million share options, primarily through Hollyview International Limited and Power Ace Investments Limited.

Chief Executive Officer Vacancy • The CEO position is temporarily vacant. The board is actively identifying a suitable candidate and will announce an appointment in due course.

Board Appointment • Mr. Zhang Su, aged 36, joined the board as an executive director. • Zhang brings 12 years of international energy-sector experience, with a focus on oil, gas, and renewable projects in Central Asia and Africa—expertise the board expects will support expansion of the Group’s air-dome and consulting businesses. • He has signed a three-year appointment letter with monthly emoluments of HK$10,000.

Board Composition Post-Change Executive directors: Mr. Lam Ka Tak, Mr. Hou Gongda, Mr. Zhang Su Non-executive directors: Mr. Hu Yebi (Chairman), Ms. Hu Yi Na, Mr. Liu Xue Heng Independent non-executive directors: Mr. Tse Man Kit, Keith; Mr. Lok Lawrence Yuen Ming; Mr. Xin Luo Lin; Mr. Pan Lihui

The board expressed gratitude to Liu for his tenure and extended a formal welcome to Hu in his new role and to Zhang as an executive director.