Concurrently, Tencent and Mr. Shaojie Chen entered into a termination agreement on July 12, 2021, pursuant to which the Share Transfer Agreement, dated August 13, 2020, by and among the same parties with respect to the purchase by Tencent of 3,703,704 ordinary shares of DouYu from an affiliate of Mr. Shaojie Chen, including all schedules and exhibits thereto, and all ancillary agreements contemplated thereby or entered pursuant thereto, were terminated with immediate effect. As an independently operated and managed company, DouYu will make continuous efforts to enhance leadership over China's eSports value chain, enrich quality live-streaming, video and other content, and cultivate a highly engaged and vibrant gamer community. About DouYu International Holdings Limited Headquartered in Wuhan, China, DouYu International Holdings Limited DOYU is a leading game-centric live streaming platform in China and a pioneer in the eSports value chain.