On March 8, 2023, StarElite Group ("StarElite") held a strategic communication meeting in Wuhan and officially announced the establishment of the Group, with Mr. Shen Ziyu as the Chairman and CEO of the Group.Wuhan Municipal Party Committee Standing Committee, Secretary of the Jingkai District Public Works Committee, Mr. Liu Ziqing, Executive Vice President of StarElite and President of the XR Business Unit, Mr. Wang Yong, Executive Vice President of StarElite and President of the Mobile Phone Business Unit, CEO of Meizu Brand, Mr. Huang Qipan, and other relevant leaders and colleagues of the Group witnessed the event. Mr. Liu Qing, Executive Vice President and President of XR Business Unit, Mr. Wang Yong, Executive Vice President and President of Mobile Phone Business Unit, Mr. Huang Qipan, CEO of Meizu Group, and other relevant leaders and colleagues of the Group participated in the witness.