FOUNDER HOLD (00418): Guo Song and Xu Chengjie have been appointed as executive directors.

Founder Hold (00418) announced that Mr. Qi Zixin has resigned as an executive director of the company, effective from January 9, 2025, due to his intention to devote more time to work as a major shareholder of the company's main shareholder, Founder Information Industry Limited (Founder Information). Mr. Shao Hang has resigned as an executive director due to retirement, effective from January 9, 2025. Mr. Guo Song and Mr. Xu Chengjie have been appointed as executive directors, effective from January 9, 2025. As Mr. Qi Zixin resigned as an executive director effective January 9, 2025, on the same day, he also stepped down as the chairman of the company's board of directors. Mr. Zhang Jianguo, the executive director and CEO of the company, has been appointed to replace Mr. Qi Zixin as chairman of the board of directors, effective from January 9, 2025. In accordance with Rule 3.05 of the Listing Rules, Mr. Qi Zixin will no longer serve as the company's authorized representative, effective from January 9, 2025. Mr. Guo Song has been appointed to replace Mr. Qi Zixin and Mr. Zhang Jianguo as the company's authorized representative, effective from January 9, 2025. Mr. Qi Zixin will also no longer serve as a member and chairman of the Nomination Committee or as a member of the Remuneration Committee, effective from January 9, 2025. Mr. Zhang Jianguo has been appointed to replace Mr. Qi Zixin as a member and chairman of the Nomination Committee and as a member of the Remuneration Committee, effective from January 9, 2025.