LISI Group (Holdings) Limited (00526.HK) released an announcement signalling sweeping changes to its corporate governance structure, effective 12 March 2026. The overhaul includes the resignation of five directors—among them Chairman Mr. Li Lixin—and the simultaneous appointment of four new board members, together with a full re-alignment of key board committees and the authorised representative role.

Key Resignations 1. Executive Director & Chairman: Mr. Li Lixin stepped down to focus on other business commitments. 2. Executive Director & Authorised Representative: Mr. Cheng Jianhe resigned. 3. Executive Director: Ms. Jin Yaxue exited and relinquished committee roles. 4. Independent Non-Executive Directors (INEDs): Mr. He Chengying and Mr. Kwong Kwan Tong left the board, vacating chairmanships of the Nomination and Remuneration Committees respectively.

New Appointments 1. Mr. Xu Jinbo (aged 52) joins as Executive Director, Authorised Representative, and member of both the Remuneration and Nomination Committees. He brings over 30 years of manufacturing and real-estate experience and has served the Group since 2010. Mr. Xu will receive no director’s remuneration under an automatically renewable three-year service agreement. 2. Mr. Wang Yong (aged 55) becomes Executive Director after 22 years in HVAC operations within the Group. His annual remuneration is RMB288,000, with additional discretionary bonus at the subsidiary level. 3. Ms. Ke Yue (aged 33) is appointed INED, Chair of the Remuneration Committee, and Audit Committee member. With seven years in finance and accounting, she will earn HK$240,000 per annum under a three-year term. 4. Mr. Jiang Yuexiang (aged 61) joins as INED, Chair of the Nomination Committee, and Audit Committee member. The seasoned academic and current director at multiple PRC-listed companies will also receive HK$240,000 per annum on a three-year contract.

Reconstituted Committees • Audit Committee: now chaired by INED Ms. Chen Wei, with Ms. Ke Yue and Mr. Jiang Yuexiang as members. • Remuneration Committee: chaired by Ms. Ke Yue, joined by Ms. Chen Wei and Mr. Xu Jinbo. • Nomination Committee: chaired by Mr. Jiang Yuexiang, with Ms. Chen Wei and Mr. Xu Jinbo as members.

Authorised Representative Following Mr. Cheng’s departure, the role under HKEX Listing Rule 3.05 shifts to Mr. Xu Jinbo.

Board Composition Post-Change The board now comprises two Executive Directors—Mr. Xu Jinbo and Mr. Wang Yong—and three INEDs—Ms. Chen Wei, Ms. Ke Yue, and Mr. Jiang Yuexiang.

All departing directors confirmed no disagreements with the board and no matters requiring shareholder attention. The company expressed gratitude to outgoing members and extended a formal welcome to the new appointees.