PEGBIO Co., Ltd. - B (02565) has announced that Ms. Fan Xinpeng has tendered her resignation as Independent Non-Executive Director, Chairman of the Board Audit Committee, and member of the Board Remuneration and Appraisal Committee and the Board Nomination Committee. Her resignation is effective from May 19, 2026, due to the need to devote more time to her other professional commitments. On May 19, 2026, the Board of Directors reviewed and approved relevant resolutions, nominating Ms. Liao Yilin as a candidate for Independent Non-Executive Director of the company's second-term Board of Directors. Ms. Liao Yilin's appointment is subject to review and approval by the company's general meeting of shareholders. Her term will commence from the date of approval by the shareholders' meeting and will last until the expiry of the second-term Board of Directors' tenure. Following her election as Independent Non-Executive Director at the shareholders' meeting, Ms. Liao Yilin will succeed Ms. Fan Xinpeng as Chairman of the Audit Committee and as a member of the Remuneration and Appraisal Committee and the Nomination Committee. Her term in these committee roles will be concurrent with her tenure as an Independent Non-Executive Director of the second-term Board.