PINE Technology Holdings Limited (PINE Tech) announced a board overhaul effective 2 September 2026.

Resignation • Independent Non-Executive Director (INED) Mr. Zhang Lihua has resigned, citing increased external work commitments. • Zhang simultaneously vacates his positions on the Audit Committee and as chairman of the Remuneration Committee. The former INED confirmed no disagreements with either the Board or shareholders.

New Appointment • Mr. Zhu Pengxiang, aged 51, is appointed INED from 2 September 2026. • Zhu holds bachelor’s and master’s degrees in Automation from Tsinghua University and brings more than 20 years’ experience in enterprise digitalisation, strategic planning and technology commercialisation. • Career highlights: – Researcher, Cunshi Think Tank (since April 2024) – Chief Consultant, National Blockchain Technology Innovation Center (2019–2024) – Senior management roles at Tus-Holdings, Tsinghua University Wuxi Research Institute, Accenture China, Oracle China and IBM China (2002–2019). • Contract terms: three-year tenure, subject to annual general meeting re-election protocols and triennial rotation. Monthly director’s fee is HK$0.01 million, with periodic reviews by the Remuneration Committee and the Board. • Zhu meets all independence criteria under Listing Rule 3.13 and holds no shares or related party connections with the Group.

Board Committee Realignment • Audit Committee – Zhu replaces Zhang as a member. • Remuneration Committee – Zhu assumes the role of chairman, succeeding Zhang.

The Board expressed gratitude to Zhang for his service and welcomed Zhu’s appointment, underscoring continuity in governance and oversight for the Group.