Wenye Group Holdings Limited announced that Independent Non-Executive Director Huang Wei has resigned from the board and all committee roles, effective 2 April 2026, citing increased external commitments.

Following the departure, the eight-member board now consists of four executive directors, two non-executive directors and two independent non-executive directors. This composition leaves the company in breach of several Hong Kong Listing Rules, specifically:

1. Rule 3.10(1) and Rule 3.10A – requiring a minimum of three independent non-executive directors and representation of at least one-third of the board. 2. Rule 3.21 – requiring an Audit Committee of at least three members. 3. Rule 3.25 – mandating that the Remuneration Committee be chaired by, and majority-comprised of, independent non-executive directors. 4. Rule 3.27A – requiring the Nomination Committee to be majority independent.

The company intends to appoint a suitable independent director within three months to restore compliance.

Trading in Wenye Group shares has been suspended since 9:00 a.m. on 5 December 2025 and will remain halted until the resumption guidance set by the Hong Kong Stock Exchange is satisfied.

Chairman Kong Guojing expressed appreciation for Huang Wei’s contributions during his tenure.