BGM · BGM Group Ltd.

The reconstitution of BGM Group Ltd.'s board committees reflects a formal governance update aligned with Nasdaq listing standards and the company’s status as a foreign private issuer. The appointment of Mr. Junjie Wang — who holds a master’s degree in Quantitative Finance and prior CFO experience — as Audit Committee chairman strengthens financial oversight, particularly given his explicit designation as an 'audit committee financial expert' under SEC rules. Mr. Jianping Mao, with his background as a financial consultant serving high-net-worth clients, assumes leadership of the Compensation Committee, though the committee’s non-independence composition is permitted under Nasdaq Rule 5615(a)(3) due to the company’s election to follow Cayman Islands home country practice, as disclosed in its January 2025 Form 20-F. Similarly, Ms. Waihua Xu’s chairmanship of the NCG Committee operates under the same regulatory accommodation. While these appointments do not signal executive officer changes or material operational developments, they represent a concrete step in reinforcing board-level financial expertise and governance structure — factors investors monitor closely for foreign issuers subject to dual regulatory frameworks.