CHERISH SUN (01094) announced that Mr. Zhou Xiangtao has resigned as Executive Director and Co-Chairman of the Board, effective from November 17, 2025. Mr. Wu Shaokang has been appointed as a Non-Executive Director, effective from the same date. Independent Non-Executive Director Mr. Zhao Zhijiao has been appointed as Co-Chairman of the Board, also effective from November 17, 2025.