WANDA HOTEL DEV (00169) announced that effective October 16, 2025: (1) Ning Qifeng has submitted his resignation as Executive Director and Chairman of the Board, and Liu Yingwu has submitted his resignation as Executive Director; (2) Zhang Chunyu and Han Xu have been promoted from Non-Executive Directors to Executive Directors, with Mr. Zhang appointed as Chairman of the Board; (3) He Qicong and Liang Xinhuan have been appointed as Non-Executive Directors; and (4) Mr. Zhang has been appointed as Chairman of the Company’s Nomination Committee.