CNGR Advanced Material Co., Ltd. (the “Company”) released an announcement stating that the second session of its board of directors is set to expire. In accordance with the Company Law of the People’s Republic of China and other relevant regulatory rules, 10 director candidates have been proposed to form the third session of the board, consisting of six executive directors (including one employee representative director) and four independent non-executive directors.

On 6 March 2026, the board resolved to nominate the existing directors for re-election. The candidates for executive directors include: Mr. Deng Weiming, Mr. Tao Wu, Mr. Liao Hengxing, Mr. Liu Xingguo, and Mr. Deng Jing. Additionally, one employee representative director will be elected at the employee representative meeting. The four nominees for independent non-executive directors are: Mr. Cao Feng, Mr. Hong Yuan, Mr. Jiang Liangxing, and Ms. Wong Sze Wing. Their term of office will be three years, starting on the date of approval by the upcoming extraordinary general meeting (EGM).

Each independent non-executive director nominee confirmed their independence in accordance with the requirements under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. None of the nominees has any relationship with the Company’s directors, senior management, substantial or controlling shareholders, nor have they held any other directorships in listed companies (in Hong Kong or overseas) in the past three years beyond what is listed in the announcement.

The service contracts for each of the proposed directors will commence upon shareholder approval at the EGM and continue until the end of the third board session. Independent non-executive directors will receive an allowance based on the Company’s remuneration policy, while executive directors receive compensation corresponding to their roles within the Company.

In compliance with corporate governance requirements, the roles of chairman and chief executive are currently both held by the same individual, a structure that the Company believes provides effective leadership. The Company states that it will continue to monitor and review any potential future changes to this leadership arrangement.

Resolutions regarding the proposed director elections will be presented at the EGM, and details will be outlined in a circular to be published in due course.