On 23 January 2026, Art Group Holdings Limited (the “Company”) announced that Executive Director Mr. Chen Jinyan has resigned, citing other business commitments. According to the announcement, Mr. Chen is subject to an unsatisfied judgment rendered by the Zhengzhou Intermediate People's Court in favor of Bank of Zhengzhou Co., Ltd Xi Si Huan branch. The dispute stems from multiple loan agreements entered into between the bank and Zhengzhou Changke Trading Co., Ltd., which involved an aggregate principal of RMB600,000,000. The Borrower reportedly failed to make the required repayment, leading to a total outstanding amount of around RMB646,976,000.

The Court ruled in favor of the bank in or around July 2023, placing repayment obligations on the Borrower. Mr. Chen, as one of the guarantors under a maximum amount guarantee contract, was found jointly and severally liable for the overdue sum. Mr. Chen has been named a Dishonest Person Subject to Enforcement by the All-China Federation of Industry and Commerce. He confirmed there is no disagreement with the Company’s Board and no additional matters need to be brought to the attention of shareholders or the Stock Exchange.

Following Mr. Chen’s resignation, he ceased to serve as an authorised representative of the Company under the Listing Rules. Dr. Wong Ho Yin, also an executive Director, has assumed the role of authorised representative with effect from 23 January 2026.