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According to the announcement dated 22 October 2025, Dufu Liquor Group Limited (Stock code: 986) has resolved to appoint, with effect from the same date, Mr. Qin Zhizun as an executive Director. Mr. Qin, aged 43, studied Hotel Management at Hubei University and has chaired Guangdong Qin Zhizun Group Limited since 2020. He previously founded and led Guangdong One Three One Nine Technology Group Limited from 2018 to 2020, bringing over 20 years of experience in company management.

Based on the announcement, Mr. Qin’s initial term is one year from 22 October 2025, automatically renewable for another year upon expiry. Under the Company’s articles of association, he will serve until the first general meeting following his appointment, where he will be eligible for re-election, and thereafter be subject to retirement by rotation at least once every three years at the annual general meetings. He will receive an annual remuneration of HK$240,000. The Board has confirmed that Mr. Qin holds no directorships in other publicly listed companies in the past three years and has no relationships deemed connected under relevant listing rules. No other matters require shareholder attention under Rule 13.51(2)(h) to (v) of the Listing Rules.

Upon Mr. Qin’s appointment, he and Mr. Liu Jun have been designated as co-chairpersons of the Board. The executive Directors as of this announcement date include Mr. Liu Jun, Mr. Qin Zhizun, Mr. Wei Liang, and Ms. Li Xia; the non-executive Director is Ms. Yang Xiaoqing; and the independent non-executive Directors are Mr. Yiu To Wa, Mr. Lau Leong Yuen, and Mr. Qin Zhizun. The Board extended a warm welcome to Mr. Qin for joining the Company.