Chengdu SIWI Science and Technology Company Limited (Stock Code: 1202) announced changes to its Board of Directors and the Remuneration and Appraisal Committee, effective 27 November 2025. According to the announcement, Non-Executive Director and Remuneration and Appraisal Committee member, Mr. Chan Wei, resigned to focus on other business commitments. There are no disagreements between Mr. Chan and the Board, and no matters pertaining to his departure require further attention.

Meanwhile, the company appointed Mr. Li Qiangbin as a Non-Executive Director and a member of the Remuneration and Appraisal Committee, effective the same day and subject to reelection at the next general meeting. Mr. Li, aged 45, holds a master's degree in Microelectronics and Solid State Electronics and currently serves as the director of the material security department at the 29th Research Institute of China Electronics Technology Group Corporation. He will not receive remuneration for his role. Mr. Li has no relationships with the company’s Directors or substantial shareholders and holds no interest in any of the company’s securities.

Following these adjustments, the Remuneration and Appraisal Committee now comprises two Non-Executive Directors and three Independent Non-Executive Directors, namely: Mr. Li, Mr. Zeng Li, Ms. Fu Wenjie, Mr. Kang Yiguo (who serves as Chairman), and Mr. Li Shaorong. The Board extended its gratitude to Mr. Chan for his contributions and welcomed Mr. Li to his new position.