Fengshang Culture: Dismissal of company vice president Li Yan.

Fengshang Culture Announcement: The company convened the 15th meeting of the 4th Board of Directors on March 7, 2026, and approved the "Resolution on Dismissal of the Company's Deputy General Manager". According to the needs of the company's management and operations, and after review and approval by the Nomination Committee of the Board of Directors, the Board of Directors decided to dismiss Li Yan from the position of Deputy General Manager. Li Yan's original term was scheduled to expire on August 1, 2027. The dismissal will take effect from the date of approval by the Board of Directors, and Li Yan will no longer hold any position in the company. As of the date of this announcement, Li Yan does not hold any shares of the company, and there are no unfulfilled commitments that should be fulfilled.