Recently, Sinohytec (Beijing Sinohytec Co.,Ltd.) announced the resignation of a senior executive and a core technical staff member. The company's Vice President, Mr. Yu Min, and core technical personnel, Mr. Fang Chuan, have left their positions for personal reasons and will no longer hold any posts within the company after their departure. According to the introduction, Mr. Fang Chuan, born in 1990, is a Chinese citizen with no permanent residency abroad; he obtained a master's degree in July 2014 and a doctorate in Power Engineering and Engineering Thermophysics in January 2018 from Tsinghua University. He served as Deputy Director of the company's R&D Center in 2020 and was the R&D Director from 2021 until his resignation. As of the date of this announcement, Mr. Fang Chuan holds 39,215 shares of the company, representing 0.02% of the total share capital (including the new H-shares issued by the company on December 23, 2025). Mr. Yu Min holds 508,690 shares of the company, accounting for 0.21% of the total share capital (including the new H-shares issued by the company on December 23, 2025). Sinohytec stated that the company places high importance on talent team building and, through long-term technological accumulation and development, has established a comprehensive R&D system. The company's R&D personnel structure is sound, the R&D team is experienced, members perform their respective duties and ultimately achieve collective results; there is no situation of reliance on any single, specific core technical person. Currently, the company's technology R&D and daily operations are proceeding normally, and the departure of these core technical personnel will not have a substantive impact on the company's core competitiveness or its sustainable operating capabilities. Mr. Fang Chuan completed the handover of his work prior to his departure, and all of the company's R&D projects are progressing normally. At present, the company's R&D team structure is complete, and there is an ample reserve of personnel; the existing core technical personnel and R&D team are capable of supporting the company's future continuous R&D work on core technologies and innovative products.