HAICHANG HLDG (02255) appoints Liu Jiangtao as an executive director and chairman of the board.

HAICHANG HLDG (02255) announced that Mr. Yu Faxiang has resigned as Executive Director, Chairman of the Board, and CEO of the company due to recent events related to Xiangyuan Holdings Group Limited ("Xiangyuan Holdings"). This resignation is effective as of the date of this announcement. After the resignation, Mr. Yu Faxiang will no longer serve as Chairman of the Nomination Committee. Mr. Zhan Xinwei has also resigned as Executive Director and Authorized Representative due to work adjustments. This resignation is effective as of the date of this announcement. As of January 21, 2026, Mr. Liu Jiangtao has been appointed as Executive Director, Chairman of the Board, and Chairman of the Nomination Committee, while Mr. Li Hanqiang and Mr. He Qigen have been appointed as Non-Executive Directors. Mr. Ouyang Ming has been appointed as CEO and Authorized Representative.