YUFENGCHANG HLD (08631) announced that Mr. Wang Xinlong, Mr. Yan Lei, Dr. Wang Junxia, Mr. He Junlong, and Ms. Liang Lina ceased to serve as directors following the conclusion of the extraordinary general meeting (EGM), where shareholders approved their removal. Effective December 18, 2025, Mr. Wang Xinlong also stepped down as chairman of the board and the company’s authorized representative under GEM Listing Rule 5.24. Mr. Luo Mingyi has been appointed as the new board chairman, while executive director Mr. Liang Zhuowei has been designated as the authorized representative.

On December 18, 2025, shareholders approved the appointment of Mr. Liang Zhuowei as executive director, along with the appointments of Mr. Huang Jiajun, Mr. Chen Tingfeng, and Ms. Mai Xuewen as independent non-executive directors during the EGM. Mr. Huang Jiajun, Mr. Chen Tingfeng, and Ms. Mai Xuewen have joined the company’s audit committee. Additionally, Mr. Luo Mingyi, Mr. Chen Tingfeng, and Ms. Mai Xuewen were appointed to the remuneration committee, while Mr. Luo Mingyi, Mr. Huang Jiajun, and Ms. Mai Xuewen joined the nomination committee.