On 30 April 2026, Sincere Watch (Hong Kong) Limited reported the simultaneous resignations of two board members. Executive Director Mr. Hong Sze Lung stepped down to devote more time to his family, while Independent Non-executive Director (INED) Mr. Chow Chi Fai resigned to focus on other business ventures. Both confirmed that they have no disagreements with the board and no matters requiring shareholder attention.

Mr. Chow’s departure leaves the company temporarily out of compliance with multiple Hong Kong Stock Exchange Listing Rules: • Rule 3.10(1) – the board now has fewer than three INEDs; • Rule 3.10(2) – the board lacks an INED possessing professional qualifications in accounting or related financial management; • Rule 3.10A – INEDs no longer comprise at least one-third of the board; • Rule 3.21 – the audit committee now has fewer than three members.

Management stated that efforts are underway to appoint suitable candidates to restore full compliance within three months from 30 April 2026, as required. Further updates will be released when appointments are confirmed.

Following the changes, the board consists of Chairman and CEO Mr. Zhang Xiaoliang, Executive Directors Mr. An Muzong and Mr. Yang Guangqiang, Non-executive Director Ms. Lu Weina, and two remaining INEDs, Mr. Zong Hao and Mr. Yu Zhenxin.