CONCORD NE(00182): Niu Wenhui promoted to Chief Executive Officer

CONCORD NE (00182) announces that, effective from November 3, 2025: (1) Mr. Gui Kai resigns as Executive Director, Chief Executive Officer, and member of the Environmental, Social, and Governance Committee; (2) Mr. Niu Wenhui is promoted to Chief Executive Officer; and (3) Mr. Zhai Feng is appointed as a member of the ESG Committee.