MINGFA GROUP (00846): The remaining two Chinese subsidiary companies have submitted their director change applications to the local responsible regulatory authorities.

MINGFA GROUP (00846) issued an announcement regarding the latest progress of the proposed restructuring of the respective boards of directors of its subsidiaries in China. As of the date of this announcement, the other two Chinese subsidiaries have submitted their applications for the change of directors to the local regulatory authorities and are awaiting approval. The restructuring of the boards of directors at the subsidiary level will be completed after the relevant approvals are issued by the local authorities.