Effective January 20, 2026, Mr. Fang Linhu, who has served as an independent non-executive director since June 11, 2001, has resigned from his positions. His resignation is attributed to his advanced age and a desire to dedicate more time to family affairs. He has stepped down from his roles as an independent non-executive director, chairman of the company's audit committee and remuneration committee, and as a member of the company's nomination committee.

The Board of Directors further announced that, effective from January 20, 2026, Ms. Yang Xiaorong has been appointed as an independent non-executive director.

Following this resignation and commencing January 20, 2026, the composition of the following board committees will be adjusted as follows: Audit Committee: Mr. Fang has ceased to be the chairman; Ms. Jin Song, an independent non-executive director and current member, has been appointed as chairman; Ms. Yang has been appointed as a new member.

Remuneration Committee: Mr. Fang has ceased to be the chairman; Ms. Jin Song, an independent non-executive director and current member, has been appointed as chairman; Ms. Yang has been appointed as a new member.

Nomination Committee: Mr. Fang has ceased to be a member and Ms. Yang has been appointed as a new member.