Cinda International Holdings Limited (the “Company,” together with its subsidiaries, the “Group”) announced that effective December 1, 2025, there will be changes to its Board. According to the Company’s announcement, Independent Non-Executive Director (INED) Mr. Zheng Minggao will cease to serve upon the expiration of his term. Mr. Zheng will also step down as chairman of the Remuneration Committee and as a member of the Audit Committee.

The announcement states that Mr. Li Ying has been appointed as an INED, chairman of the Remuneration Committee, and a member of the Audit Committee with effect from December 1, 2025. Mr. Li holds a Bachelor of Economics in International Finance, as well as a Master of Economics and a Doctoral Economics degree in Monetary Banking from Renmin University of China. He has extensive experience in the securities and banking industries, having previously served at various financial institutions. Mr. Li has entered into a three-year letter of appointment with the Company, with entitlement to a director’s fee of HK$240,000 per annum.

The Company noted that Mr. Zheng confirmed he has no disagreement with the Board and that there is no other matter regarding his retirement that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or shareholders of the Company. The Board expressed its gratitude to Mr. Zheng for his service and extended a welcome to Mr. Li in his new roles.