Joy Spreader Group Inc. — Board/Management Information 2021

Oct 3, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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Joy Spreader Group Inc. 樂享集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6988)

OPTIMIZATION OF DECISION-MAKING PROCESS OF THE GROUP AND RESIGNATION OF EXECUTIVE DIRECTOR AND GENERAL MANAGER

The board (the “ Board ”) of directors (the “ Directors ”) of Joy Spreader Group Inc. (the “ Company ”, together with its subsidiaries, the “ Group ”) hereby announces that a meeting of the Board was held on September 30, 2021 for the purposes of approving the resolution regarding the optimization of decision-making process of the Group. In order to meet the needs of the rapid business development and to optimize the efficiency of decision-making of the Group, each of the business departments and functional departments of the Group will report directly to the chief executive officer of the Group in a unified manner, and the Group will no longer have the position of general manager.

The Group received a resignation letter from Mr. Zhang Zhidi (“ Mr. Zhang ”) on September 30, 2021 to resign as an executive Director and the general manager of the Group with effect from September 30, 2021. Mr. Zhang tendered his resignation from the aforesaid positions of the Group due to his focus on exploring business opportunities for innovative businesses in the future in line with the need of the Group for the optimization of decision-making process.

Mr. Zhang has confirmed that he has no disagreement with the Board and the management of the Company, and that there are no other matters in respect of his resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited and the shareholders of the Company.

The Board and the management of the Company would like to take this opportunity to extend their gratitude and appreciation to Mr. Zhang for his valuable contribution to the Company during his tenure of service.

By order of the Board Joy Spreader Group Inc. Zhu Zinan Chairman

Beijing, the PRC, September 30, 2021

As at the date of this announcement, the Board comprises Mr. Zhu Zinan, Mr. Cheng Lin, Ms. Qin Jiaxin and Mr. Sheng Shiwei as executive Directors; Mr. Hu Qingping and Mr. Hu Jiawei as non-executive Directors; and Mr. Xu Chong, Mr. Tang Wei, Mr. Fang Hongwei and Mr. Yap Jin Meng Bryan as independent non-executive Directors.