GDC (08271): Feng Xianhuai appointed as Chairman of the Board of Directors

GDC (08271) announced that Mr. Xu Liang, due to reaching retirement age and wishing to devote more time to personal matters, has decided to retire as an executive director of the company. Therefore, Mr. Xu will no longer serve as the Chairman of the Board of Directors, Chairman and member of the Executive Committee and Nominating Committee, Vice Chairman and member of the Remuneration Committee, authorized representative of the company under Rule 5.24 of the GEM Listing Rules of the Hong Kong Stock Exchange, authorized agent for receiving legal documents and notices in Hong Kong under Chapter 622 of the Companies Ordinance of Hong Kong and Rule 24.05(2) of the GEM Listing Rules, and will no longer hold the position of company inspector under Rule 5.19 of the GEM Listing Rules (which was abolished as of January 1, 2024). The retirement will be effective from January 1, 2026. Following Mr. Xu's retirement, the Board of Directors further announced that Mr. Fong Sin Fai, an executive director and general manager of the company, has been appointed as the Chairman of the Board of Directors, Chairman and member of the Executive Committee and Nominating Committee, as well as Vice Chairman and member of the Remuneration Committee, effective from January 1, 2026. Following Mr. Xu's retirement, Mr. Fong will also be appointed as the company's authorized representative and agent for legal documents, with the changes to take effect from January 1, 2026.