PEGBIO CO-B-50(02565) nominating Liao Yilin as an independent non-executive director candidate

PEGBIO CO-B-50 (02565) Announcement: Ms. Fan Xinpeng has resigned from her positions as Independent Non-Executive Director, Chairman of the Board Audit Committee, as well as member of the Board Compensation and Assessment Committee and the Board Nomination Committee, due to the need to dedicate more time to other work matters, effective from May 19, 2026. On May 19, 2026, the Board has reviewed and approved the resolution to nominate Ms. Liao Yilin as a candidate for Independent Non-Executive Director for the second term of the Board. The appointment of Ms. Liao Yilin is subject to approval by the Company's shareholders' meeting. Her term of office will be from the date of approval by the shareholders' meeting until the end of the second term of the Board. Upon Ms. Liao Yilin's election as Independent Non-Executive Director at the shareholders' meeting, she will assume the role of Chairman of the Audit Committee, as well as member of the Compensation and Assessment Committee and the Nomination Committee, with a term of office consistent with her role as Independent Non-Executive Director for the second term of the Board.