BAIGE DIGITAL (02672): Proposed appointment of Zhu Tao as a candidate for non-executive director

BAIGE DIGITAL (02672) announced that as Mr. Zheng Yu needs to devote more time and energy to other personal and business matters, (i) Mr. Zheng Yu intends to resign as a non-executive director; and (ii) Dr. Jiang Min intends to resign as an independent non-executive director, chairman of the remuneration and assessment committee, and member of the nomination committee. The above resignations will take effect from the date on which (i) Mr. Zhu is appointed as a non-executive director; and (ii) Mr. Lu is appointed as an independent non-executive director. After considering the recommendation of the nomination committee, the board of directors has resolved to propose the appointment of Mr. Zhu Tao as a candidate for non-executive director, and Mr. Lu Weidong as a candidate for independent non-executive director. The proposed appointments of Mr. Zhu and Mr. Lu are subject to approval by the shareholders at an extraordinary general meeting by ordinary resolution, and will take effect from the date of approval at the extraordinary general meeting. Subject to and pending the shareholders passing the relevant resolutions approving the proposed appointments of Mr. Zhu and Mr. Lu at the extraordinary general meeting, the composition of the Company's audit committee, remuneration and assessment committee, and nomination committee will change after the conclusion of the extraordinary general meeting as follows: (a) Dr. Jiang will cease to serve as chairman of the remuneration and assessment committee and member of the nomination committee. (b) Dr. Zhao Zhengtang will cease to serve as chairman of the audit committee. He has been appointed as chairman of the remuneration and assessment committee. (c) Mr. Lu Weidong has been appointed as chairman of the audit committee, member of the remuneration and assessment committee, and member of the nomination committee.