HINSANG GROUP (06893) appointed Guan Liwen as the acting chairman of the board of directors.

HINSANG GROUP (06893) announced that the Board of Directors was informed on April 15, 2026 that Mr. Pang Siu Hin, the Chairman, Chief Executive Officer, and Executive Director of the company, is currently under criminal detention by the Public Security Bureau of the People's Republic of China. The Board understands that the relevant authorities are conducting an investigation, and Mr. Pang will seek legal advice on the matter. Based on the information currently available to the Board, the alleged matter does not involve the company or any of its subsidiaries, and is unrelated to the Group's operations, business activities, or financial affairs. The Board expects that this matter will not have any significant adverse impact on the Group's operations or financial condition. As Mr. Pang is unable to fulfill his duties as Chairman, Chief Executive Officer, and Executive Director due to his criminal detention, the Board decided on April 15, 2026 to temporarily suspend all his administrative and executive duties and powers, effective immediately and until further notice. The Board believes that suspending Mr. Pang's duties and powers is in the overall best interests of the company and shareholders. Ms. Kwan Lai Man, an Executive Director of the company, has been appointed as the acting Chairman of the Board effective April 15, 2026. Mr. Pang will no longer act as the authorized representative of the company for the receipt of legal process documents under Section 333 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong), and Mr. Danny Chan, the company secretary, has been appointed to replace him in this role, effective from April 15, 2026.