Graphex Group Limited reported that Independent Non-executive Director, Mr. Wang Yuncai, has tendered his resignation, effective 5 February 2026, to focus on other business development. Mr. Wang also resigned from positions on the audit, nomination, and remuneration committees. He had served on the Board since June 2014, and the Board expressed gratitude for his professional contributions.

Following Mr. Wang’s resignation, Graphex Group Limited now has five Directors: three executive, one non-executive, and one independent non-executive director. This composition does not satisfy multiple Hong Kong Listing Rule requirements, including maintaining at least three independent non-executive directors, ensuring independent directors represent at least one-third of the Board, and meeting membership requirements for the audit, remuneration, and nomination committees. Additionally, the Board no longer meets the Listing Rule stipulation for directors of different genders.

Graphex Group Limited intends to fill the independent non-executive director and committee vacancies as soon as practicable, aiming to restore compliance within three months, in accordance with the relevant Listing Rules. The company stated that its daily operations remain unaffected by these developments.