CICC (03908) has announced that the board of directors of China International Capital Corporation Limited received a resignation letter from Mr. Peter Nolan. As Mr. Nolan is approaching six consecutive years of service as an independent non-executive director of the company, and in accordance with the requirement under the "Measures for the Administration of Independent Directors of Listed Companies" that independent directors may not serve for more than six consecutive years, he has tendered his resignation from his positions as independent non-executive director, chairman of the board's remuneration committee, member of the nomination and corporate governance committee, and member of the connected transactions control committee. The resignation will take effect from February 27, 2026.

In light of Mr. Nolan's resignation, and to ensure the company maintains a sound governance structure and compliant composition of the board's specialized committees, the board has approved the following adjustments to the composition of its committees: Mr. Zhou Yu has been elected as chairman of the board's remuneration committee and as a member of the board's risk control committee; Mr. Kong Lingyan and Mr. Lu Zhengfei have been elected as members of the board's remuneration committee, while Ms. Zhang Wei will no longer serve as a member of that committee. Mr. Lu Zhengfei has been elected as chairman of the board's nomination and corporate governance committee, with Ms. Zhang Wei and Mr. Wu Gangping elected as members; Mr. Zhou Yu will no longer serve as chairman of the nomination and corporate governance committee but will remain a member, and Mr. Kong Lingyan will no longer serve as a member of that committee. Ms. Zhang Wei has been elected as chairman of the board's risk control committee, while Mr. Lu Zhengfei will no longer serve as chairman of that committee but will remain a member.

These adjustments will take effect from February 27, 2026, and will remain in place until the end of the current board's term. If any of the relevant individuals cease to serve as directors of the company during their term, they will automatically no longer serve as members of the board's specialized committees.