China Cinda Asset Management Co., Ltd. received a resignation letter from independent non-executive director, Mr. LAM Chi Kuen, on November 7, 2025. The resignation is due to his term of office expiring. He will also step down from his roles in the Strategic Development Committee, the Audit Committee, and the Connected Transaction Control Committee.

According to relevant regulations and the company’s Articles of Association, the resignation will become effective after the general meeting elects a new independent non-executive director and the National Financial Regulatory Administration approves the appointment. Until then, Mr. LAM will continue performing his duties in the aforementioned positions.

Mr. LAM confirmed there is no disagreement with the board, and no matters regarding his resignation need to be brought to shareholders’ attention. The board expressed gratitude for his contributions during his term of office.