Qingdao Holdings (00499) announced that Mr. Yin Desheng and Mr. Li Xue have resigned as independent non-executive directors of the company, effective December 29, 2025. The resignations are in accordance with the corporate governance code provisions regarding the tenure of independent non-executive directors and comply with the Corporate Governance Code set out in Appendix C1 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Following the resignation of Mr. Li Xue disclosed above, the Board is pleased to announce that Ms. Qi Yan, who has been an independent non-executive director and a member of the Audit Committee, Nomination Committee, and Remuneration Committee since June 27, 2025, has been appointed as Chairman of the Audit Committee, effective December 29, 2025.