Beijing North Star : ANNOUNCEMENT - PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

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ANNOUNCEMENT

PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION

This announcement is made by Beijing North Star Company Limited (the "Company") pursuant to Rule 13.51(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The board of directors of the Company (the "Board") has passed a resolution on 26 August 2020 for the proposal to make corresponding amendments (the "Proposed Amendments") to the articles of association of the Company (the "Articles of Association") in view that the Company proposed to establish the legal compliance committee of the Board. Details of the specific amendments are set out as below:

Before the amendments	After the amendments
Article 11	Article 11
Other senior management of the Company	Other senior management of the Company
refer to the secretary to the board of	refer to the deputy manager, the secretary
directors, the deputy manager, the financial	to the board of directors, the general
controller, the chief legal adviser, the chief	counsel, the financial controller, the chief
economist and the chief engineer of the	economist and the chief engineer of the
Company.	Company.

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Before the amendments	After the amendments
Article 139	Article 139
The board of directors shall be responsible	The board of directors shall be responsible
to the shareholders' general meeting	to the shareholders' general meeting
and shall have the following powers and	and shall have the following powers and
duties:	duties:
⋯⋯	⋯⋯
(11) to appoint or dismiss the company	(11) to appoint or dismiss the company
manager and the secretary to the board	manager and the secretary to the board
of directors; to appoint or dismiss senior	of directors; to appoint or dismiss senior
management including the company deputy	management including the company
manager and financial officer-in-charge	deputy manager, the general counsel and
based on the nomination by the company	financial officer-in-charge based on the
manager, as well as to determine their	nomination by the company manager, as
remuneration and award/punishment	well as to determine their remuneration
issues;	and award/punishment issues;
⋯⋯	⋯⋯
Article 155	Article 155
The Company shall establish the strategic	The Company shall establish the strategic
committee, the audit committee, the	committee, the audit committee, the
remuneration and evaluation committee	remuneration and evaluation committee,
a n d t h e n o m i n a t i o n c o m m i t t e e b y	the nomination committee and the legal
resolutions of shareholders' general	compliance committee by resolutions
meeting. Their duties and respective rules	of shareholders' general meeting. Their
of procedure of such committees shall be	duties and respective rules of procedure
individually formulated by the board of	of such committees shall be individually
directors of the Company;	formulated by the board of directors of the
	Company;
⋯⋯	⋯⋯

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Before the amendments	After the amendments
Article 163	Article 163
The manager shall be responsible to the	The manager shall be responsible to the
board of directors and shall have the	board of directors and shall have the
following powers and duties:	following powers and duties:
⋯⋯	⋯⋯
(6) to nominate appointment and	(6) to nominate appointment and
dismissal of deputy managers and	dismissal of deputy managers, the
persons in charge of financial matters;	general counsel and persons in charge of
	financial matters;
⋯⋯	⋯⋯

The numbering of other articles shall be adjusted accordingly.

Save for the amendments above, the contents of the other articles of the Articles of Association remain unchanged.

According to the Articles of Association and relevant laws and regulations, the Proposed Amendments are subject to consideration and approval of the shareholders of the Company (the "Shareholders") at the general meeting of the Company by way of a special resolution. A circular containing, among other things, details of the Proposed Amendments will be despatched to the Shareholders as soon as practicable.

By order of the Board

BEIJING NORTH STAR COMPANY LIMITED

GUO Chuan

Executive Director and Company Secretary

Beijing, the PRC, 26 August 2020

As at the date of this announcement, the Board comprises eight directors, of which Mr. LI Wei-Dong, Ms. LI Yun, Mr. CHEN De-Qi, Ms. ZHANG Wen-Lei and Mr. GUO Chuan are executive directors and Mr. FU Yiu-Man, Mr. DONG An-Sheng and Mr. WU Ge are independent non-executive directors.

Should there be any differences between the Chinese and English versions of this announcement, the Chinese version shall prevail.

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