According to an announcement by Xiwang Property Holdings Company Limited (Stock Code: 2088), Non-Executive Director and Authorized Representative Mr. Sun Xinhu has resigned effective 14 November 2025 to pursue personal development. He also stepped down from the Nomination Committee and the Remuneration Committee. The company states that Mr. Sun has no outstanding claims or disagreements with the board and that there are no other matters requiring shareholder attention.

Following Mr. Sun’s departure, the authorized representative role under Listing Rule 3.05 will be assumed by Executive Director Mr. Wang Jintao, also effective 14 November 2025. This change has led to temporary non-compliance with Listing Rules 3.25 and 3.27A, as both the Remuneration Committee and the Nomination Committee now have fewer than three members. The board intends to identify a suitable candidate within three months from Mr. Sun’s resignation date to ensure full compliance.

Trading in Xiwang Property shares remains suspended as of 31 March 2025 at 9:00 a.m. and will continue until all resumption guidelines are met and the Listing Rules are fully satisfied. The company cautions shareholders and potential investors to exercise care when dealing in its securities.