On 15 October 2026, XXF Group Holdings Limited (XXF, HKEX: 02473) unveiled a series of governance changes that will reshape its board and key committees over the next month.

Effective 15 October 2026, Executive Director Ms. Zhang Jinghua resigned from the board, the Nomination Committee, and her role as Authorised Representative. Non-Executive Director Mr. Liu Wei also stepped down. Both cited personal commitments and confirmed no disagreements with the board.

On the same date, Prof. Wang Lihong, aged 45, was appointed as an Independent Non-Executive Director and immediately joined the Nomination Committee. Prof. Wang holds a Ph.D. in Finance from KU Leuven and serves as a professor at Xiamen University’s Institute for Financial & Accounting Studies. Her three-year term carries annual remuneration of RMB0.12 million.

Further succession moves take effect on 9 November 2026. Incumbent Independent Non-Executive Director Mr. Wu Fei will retire, relinquishing roles on the Nomination and Audit Committees and as chairman of the Remuneration Committee. Prof. Wang will assume Mr. Wu’s positions on both committees, becoming chairman of the Remuneration Committee and a member of the Audit Committee.

To fill the Authorised Representative vacancy created by Ms. Zhang’s departure, Company Secretary Ms. Mak Po Man Cherie has been appointed to the role from 15 October 2026.

Chairman and CEO Mr. Huang Wei expressed appreciation for the outgoing directors’ contributions and welcomed Prof. Wang to the board. Following these changes, the board comprises two Executive Directors—Mr. Huang Wei and Mr. Ye Fuwei—and four Independent Non-Executive Directors: Mr. Wu Fei (until 9 November 2026), Mr. Fung Che Wai Anthony, Mr. Chen Shuo, and Prof. Wang Lihong.