China Tianbao Group Development Company Limited (Stock Code: 1427) has announced that Mr. Hou Liang’s tenure of services as an Independent Non-Executive Director will expire on October 20, 2025. According to the announcement, Mr. Hou has decided not to renew his letter of appointment due to other business engagements. Upon the expiration, he will also step down from the Company’s audit committee, remuneration committee, nomination committee, investment decision committee, and strategic planning committee.

Following Mr. Hou’s departure, the number of Independent Non-Executive Directors on the board will drop below the minimum threshold set by the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules), which require at least three such directors and one-third of the board to be independent. Membership of the audit committee also no longer meets the minimum requirement of three members, and the composition of both the remuneration committee and the nomination committee no longer comprises a majority of Independent Non-Executive Directors, as required.

The Company plans to identify a suitable candidate within three months from the date of the announcement to restore compliance with the Listing Rules. Further updates will be provided in due course. The board has expressed sincere gratitude to Mr. Hou for his contributions.