The board of directors of Maoyan Entertainment announced that Mr. Ma Dong has tendered his resignation as an independent non-executive Director with effect from October 28, 2020 due to personal work arrangement. The Board announced that Dr. Yin Hong has been appointed as an independent non-executive Director with effect from October 28, 2020. Dr. Yin has been serving as a professor of Tsinghua University since 1999. Dr. Yin served as a teaching assistant of Sichuan University from December 1984 to August 1986, and served in Beijing Normal University from September 1989 to August 1999 with his last position as a professor. Dr. Yin is a well-known film theorist, critic, and planner in China. He has served as a consultant, producer, and art director for a number of film and television works, and concurrently assumes many important positions within several national associations and societies including the vice chairman of the China Literature and Art Critics Association and the vice chairman of the China Film Association.