China New Consumption Group Limited (Stock Code: 8275) announced that, effective 2 February 2026, there will be changes in its board of directors and in the composition of several board committees.

According to the announcement, the company’s independent non-executive director, who also served as chairman of the Remuneration Committee and as a member of both the Audit Committee and Nomination Committee, has resigned to focus on personal commitments. The departing director confirmed that there is no disagreement with the board and no other issues that need to be brought to shareholders’ attention.

Simultaneously, a new independent non-executive director has been appointed. This appointee has over two decades of experience in the construction and engineering industry, primarily offering specialized photography services to construction companies. Under the letter of appointment, the new director will serve for a three-year term, subject to applicable rotation and re-election requirements, with an annual fee of HK$120,000. In addition, this individual will assume the roles of chairman of the Remuneration Committee and membership in the Audit Committee and Nomination Committee.

With these changes, the previously serving director ceases all committee responsibilities, while the newly appointed director formally takes over these positions, effective the same date.