Xinhua News Media Holdings Limited (Stock Code: 309) has announced two new Board appointments, effective 17 October 2025. The first appointment is that of Mr. Cheung Kin Wa as an executive Director. Mr. Cheung, aged 70, founded Mobile Satellite Communication Navigation Group China Limited and has over two decades of experience in China’s satellite communications industry. He established Shanghai Jianhua Satellite Communication Co Ltd in 1998, which obtained a Category II VSAT operating license from the Ministry of Information Industry, PRC. Subsequently, he led collaborations with Israel-based Gilat and Shanghai Jiaotong University, focusing on advanced VSAT systems and long-distance education projects recognized by the Ministry of Education, PRC. His remuneration will be based on director’s fees and his performance and responsibilities as determined by the Board.

The second appointment is that of Ms. Fong Man as a non-executive Director. Ms. Fong, aged 54, has nearly three decades of corporate finance experience and is a founder and Managing Director of Veda Capital Limited, holding a Type 6 regulated activity license under the Securities and Futures Ordinance in Hong Kong. She has previously served in directorial roles at other listed companies, including Gaoyu Finance Group Limited and International Genius Company, and currently serves as a non-executive director of Huscoke Holdings Limited. Under her service contract with the Company, her remuneration will also be determined by the Board based on performance, responsibilities, and market conditions.

Following these appointments, the Board now comprises two executive Directors, three non-executive Directors, and three independent non-executive Directors. The announcements confirm that both new directors have no relationships with existing directors, senior management, or substantial shareholders, nor do they hold any interests in the shares, underlying shares, or debentures of the Company. They are subject to retirement by rotation and re-election pursuant to the Company’s Articles of Association.