Wise News App, 1957&CO.(08495) announced that Mr. Guo Zhibo has resigned as the company's executive director, CEO, and compliance director, effective from November 1, 2024, due to the need to devote more time to deal with personal other matters. Mr. Guo will also step down as a member of the company's strategy development committee.

In recognition of Mr. Guo's valuable contributions to the group during his tenure, the board of directors has appointed him as the company's honorary advisor effective from November 1, 2024, after his resignation.

After Mr. Guo's resignation, Liu Minghui will be transferred from the company's chief operating officer to the vice CEO, effective from November 1, 2024. Mr. Liu will also serve as the acting CEO.

The board of directors further announced that with the revision of the GEM listing rules taking effect from January 1, 2024, aligning the continuous obligations of GEM-listed issuers with those of the Main Board of the Exchange, the company will no longer be required to appoint a compliance director in accordance with the GEM listing rules. Therefore, the board of directors resolved to abolish the position of compliance director after Mr. Guo's resignation.