Lippo China Resources Limited disclosed that Independent Non-Executive Director (INED) Victor Ha Kuk Yung will retire by rotation at the company’s 2026 annual general meeting (AGM) and will not seek re-election, citing personal retirement plans.

With Yung’s departure, effective at the close of the 2026 AGM, he will step down from three roles: 1) INED of the company, 2) Chairman of the Audit Committee, and 3) Member of both the Nomination Committee and the Remuneration Committee.

The company confirmed that Yung has no disagreements with the board and that no matters require shareholder or Hong Kong Stock Exchange attention.

Regulatory implications • Under Listing Rules 3.10(1), 3.10(2) and 3.10A, the board must comprise at least three INEDs—representing no less than one-third of the board—and at least one INED with professional accounting or related financial expertise. • Lippo China Resources intends to appoint a suitable replacement within three months of Yung’s retirement, as required by Listing Rule 3.11.

Board composition snapshot (as of the 31 March 2026 announcement date): • Executive Directors: Dr. Stephen Riady (Chairman), John Luen Wai Lee (Deputy Chairman), Davy Kwok Fai Lee (CEO), James Siu Lung Lee, Brian Riady • Non-Executive Director: Leon Nim Leung Chan • Independent Non-Executive Directors: Edwin Neo, Victor Ha Kuk Yung, Min Yen Goh

The board expressed appreciation to Victor Yung for his contributions during his tenure.