Yu Fei, Independent Director of BBMG Group, Resigned

On March 5, Beijing Jinyu Group Co., Ltd. announced the resignation of Yu Fei, an independent director of the company.

The announcement said that the board of directors of Beijing Jinyu Group Co., Ltd. received Mr. Yu Fei's resignation report on March 4, 2025. Mr. Yu Fei resigned as an independent director of the Company and a member of the Audit Committee, the Remuneration and Nomination Committee and the Strategy and Investment and Financing Committee of the Board of Directors due to job change. Mr. Yu Fei has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of BBMG Group.

In accordance with the relevant provisions of the Company Law, the Administrative Measures for Independent Directors of Listed Companies and the Articles of Association of the Company, the resignation of Mr. Yu Fei shall take effect from the date of delivery to the board of directors of the Company. Mr.

Yu Fei was diligent and responsible during his tenure as an independent director of the Company. The Board would like to express its sincere gratitude to Mr. Yu Fei for his positive contributions to the operation and development of the Company during his tenure of office.