Tianjin Tianbao Energy Co., Ltd. (Tianbao Energy) reported that Mr. Zhou Shanzhong will step down as executive director, chairman of the board, and chairman of the nomination committee. His resignation will take effect once shareholders approve a new executive director.

The company attributed the leadership change to “work adjustment.” According to the filing, Mr. Zhou has no disagreements with the board, no pending or threatened litigation against the group, and his departure is not expected to impact ongoing operations.

Tianbao Energy is actively identifying a successor for the roles vacated by Mr. Zhou. Further announcements will be issued upon finalizing the appointments.

As of the July 17 2026 announcement date, the board comprises: • Executive directors: Zhou Shanzhong, Mao Yongming, Yao Shen, Yin Ning • Non-executive directors: Yang Dingjing, Shi Wei • Independent non-executive directors: Chan Wai Dune, Zhang Huan, Yang Wei

The board expressed appreciation for Mr. Zhou’s contributions during his tenure.