XH NEWS MEDIA (00309): Has reached an agreement with the concerned person and will withdraw the legal proceedings initiated by the original summons.

XH NEWS MEDIA (00309) announced that the company has reached an agreement with the relevant parties on February 3, 2026, to apply to the Hong Kong High Court for permission to withdraw the subpoena that initiated legal proceedings and to cancel the hearing on the substantive arguments of the subpoena. In addition, as of February 3, 2026, Mr. Lin Shuang and Mr. Chen Ruiting have been appointed as executive directors; Mr. Yuan Jia Tai has been appointed as a non-executive director; and Mr. Mei Ji Ben has been appointed as an independent non-executive director. Mr. Zhang Jian Hua has resigned as an executive director and Ms. Fang Min has resigned as a non-executive director, effective February 3, 2026, in order to devote more time to their other business affairs. In accordance with the above director changes, as of February 3, 2026, Mr. Yuan and Mr. Mei have been appointed as members of the company's audit committee; Mr. Lin and Mr. Mei have been appointed as members of the company's nomination committee; and Mr. Lin, Mr. Chen, and Mr. Mei have been appointed as members of the company's remuneration committee.