Shenzhen Xunce Technology Co., Ltd. (XUNCE) released a multifaceted corporate update on 5 June 2026, covering board changes, constitutional amendments and an equity-incentive proposal ahead of the annual general meeting (AGM) scheduled for 26 June 2026.

Executive director transition • Executive Director Mr Jiang Chunfei has tendered his resignation for personal career reasons. His tenure will conclude at the close of the forthcoming AGM. He has confirmed no disagreements with the Board and no matters requiring shareholder attention.

Non-executive director nomination • The Board will seek shareholder approval to appoint Ms He Jinglu, aged 40, as a non-executive director for the remainder of the current Board’s term. • Remuneration: RMB 1.59 million per annum (RMB 132,200 per month) before tax, determined with reference to experience, responsibilities and market benchmarks. • Ms He holds an MBA from Peking University, is an alumna of Harvard Business School, and has a decade of management experience spanning Shenzhen Zhongqi Asset Management, Bosera Asset Management and China Resources Power. She has no shareholding in XUNCE and no related-party relationships with existing directors, senior management or substantial shareholders.

Proposed amendments to Articles of Association • Following XUNCE’s H-share listing that raised the issued share capital to 322.69 million shares and registered capital to RMB 322.69 million, the Board proposes revising the Articles to streamline governance. • Key change: abolishment of the Supervisory Committee, with its statutory functions migrating to the Board’s audit committee. Associated procedural rules for the supervisory committee will be repealed. • Amendments require special resolutions at the AGM.

Proposed Share Award Scheme • The Board seeks shareholder consent to launch a Chapter 17-compliant Share Award Scheme funded by both existing and new (including treasury) H shares. • Eligible participants include Group directors, supervisors, employees, specified affiliates and long-term external partners such as suppliers, consultants and advisers. • Scheme implementation is conditional on (i) shareholder approval at the AGM and (ii) Stock Exchange approval for listing and dealing in shares under the scheme mandate limit.

Cautionary note The proposed share award adoption remains subject to the above conditions. Shareholders and potential investors are advised to exercise caution when dealing in XUNCE securities pending further announcements.