CMSC (06099) has issued an announcement that the board of directors, at a meeting held on September 30, 2026, resolved to appoint Mr. Liu Bo (Mr. Liu) as the President of the Company, effective from September 30, 2026.

From the date of Mr. Liu's appointment, Mr. Zhu Jiangtao, the Chairman of the Company, will cease to act as the President of the Company, and Mr. Liu will no longer serve as the Vice President of the Company.

The board also resolved to nominate Mr. Liu as a candidate for executive director of the eighth session of the board of directors. Mr. Liu's appointment shall take effect only after being approved by the shareholders of the Company (the Shareholders) at the Company's shareholders' general meeting (the Shareholders' General Meeting) by an ordinary resolution. Mr. Liu's term as executive director shall commence from the date on which the resolution to appoint him as an executive director of the eighth session of the board of directors is passed by the Shareholders at the Shareholders' General Meeting by an ordinary resolution, and shall continue until the expiry of the term of the eighth session of the board of directors. According to the Company's Articles of Association, Mr. Liu may be re-elected upon the expiry of his term.

The board hereby announces that at the meeting held on September 30, 2026, the board resolved (1) to additionally appoint Mr. Xiong Zhigang as a member of the Risk Management Committee of the board of directors, effective from September 30, 2026; and (2) subject to the approval of Mr. Liu as an executive director by the Shareholders at the Shareholders' General Meeting by an ordinary resolution, to additionally appoint Mr. Liu as a member of the Strategy and Sustainable Development Committee of the board of directors. In addition, according to the Working Rules of the Risk Management Committee of the Board of Directors of CMSC, in view of the fact that Mr. Zhu Jiangtao will cease to act as the President of the Company, Mr. Zhu Jiangtao will cease to serve as a member of the Risk Management Committee of the board of directors from September 30, 2026; and subject to the approval of Mr. Liu as an executive director by the Shareholders at the Shareholders' General Meeting by an ordinary resolution, Mr. Liu will serve as a member of the Risk Management Committee of the board of directors. The term of Mr. Liu as a member of the Strategy and Sustainable Development Committee and the Risk Management Committee of the board of directors shall commence from the date on which the resolution to appoint him as an executive director of the eighth session of the board of directors is passed by the Shareholders at the Shareholders' General Meeting by an ordinary resolution, and shall continue until the expiry of the term of the eighth session of the board of directors.