On 16 February 2026, Hao Bai International (Cayman) Limited (Stock Code: 8431) announced several changes to its Board of Directors. According to the official disclosure, two new directors have been appointed, while two existing directors have resigned. The following summarizes the key details:

Mr. Zhang (40) has joined as an Executive Director with effect from 16 February 2026. Mr. Zhang holds a college diploma in Computer Technology from Jilin University and currently serves as a senior executive and supply chain director in a domestic fresh food chain enterprise. He has over a decade of sales management experience in the liquor industry as well as extensive expertise in market operations and brand management. Mr. Zhang has entered into a service agreement that may be terminated by either party with one month’s written notice. He is entitled to a basic salary of HK$10,000 per month, plus a discretionary bonus.

Mr. Liu resigned from his roles as Executive Director and Chairman of the Board, effective 16 February 2026, citing a desire to devote more time to personal endeavors. He confirmed there is no disagreement with the Board, and no other matters require attention from shareholders or regulators. Mr. Jiang also resigned as an Executive Director on the same date to focus on other business commitments, likewise confirming no disagreement with the Board or matters requiring further notice.

In addition, Mr. Wong (42) has been appointed as an Independent Non-Executive Director, taking effect on 16 February 2026. He is also a new member of the Audit, Remuneration, and Nomination Committees. Mr. Wong holds a bachelor’s degree in Economics from the University of British Columbia, has nearly a decade of experience in the financial services industry, and concurrently serves as an Executive Director of Capital Finance Holdings Limited (Stock Code: 8239) and an Independent Non-Executive Director of Goldway Education Group Limited (Stock Code: 8160). His letter of appointment spans three years. Mr. Wong is entitled to a monthly director’s fee of HK$7,500.

Following these changes, the current Executive Directors are Mr. Ng, Ms. Wong Wing Hung, and Mr. Zhang, while the Independent Non-Executive Directors are Mr. Cheung, Mr. Yiu, and Mr. Wong.