Bestore Co., Ltd. (603719.SH) has elected Cheng Hong as Chairman of the Board.

Bestore Co., Ltd. (603719.SH) announcement, the board of directors received a written resignation report from Yang Yinfen. Yang Yinfen currently serves as the Chairman of the Board, a member of the Board's Strategic and Development Committee, and the General Manager of the company. Due to personal reasons, she has decided to resign from the positions of Chairman and General Manager of the company, with her resignation taking effect from the date of submission to the board of directors. After resigning, Yang Yinfen will continue to serve as a director of the company (non-independent director) and a member of the Board's Strategic and Development Committee. The board of directors elected Cheng Hong as the Chairman of the third board of directors of the company, with a term from the date of approval at this board meeting until the end of the third board of directors' term. It was also agreed that Chairman Cheng Hong will temporarily assume the responsibilities of the General Manager from the date of approval at this board meeting until the company appoints a new General Manager.