BAIYUNSHAN PH (00874) announced that during the 35th meeting of its ninth board of directors held on May 7, 2026, the board reviewed and passed a resolution to nominate director candidates listed in the accompanying table. These nominations will be submitted to the annual general meeting for review and election. Among the current ninth board members, Executive Directors Mr. Li Xiaojun and Mr. Li Hong will not participate in the re-election for the tenth board upon the expiry of their terms. Mr. Li Xiaojun will step down from his roles as Chairman, Executive Director, and Chairman of the Board's Strategy Development and Investment Committee. Mr. Li Hong will resign from his positions as Executive Director and member of the Board's Strategy Development and Investment Committee. Independent Non-Executive Directors Mr. Chen Yajin and Mr. Huang Min, having served consecutively for six years, will retire at the conclusion of the annual general meeting in accordance with applicable Chinese laws and the company's articles of association, and will not seek re-election.