BAIWANG CO(06657) recommends appointing Zhu Liping as the company's executive director.

BAIWANG CO(06657) announced that Ms. Jin Xin intends to resign from her position as Executive Director of the company due to a change in work arrangements. The resignation will take effect from the date the new Executive Director is appointed. After considering the recommendations of the Board Nomination Committee, the Board has resolved to propose the appointment of Ms. Zhu Liping as Executive Director of the company. The proposed appointment of Ms. Zhu Liping is subject to approval by shareholders at the upcoming extraordinary general meeting of the company through an ordinary resolution, and will take effect from the date of approval at the extraordinary general meeting. Dr. Song Hua intends to resign from his position as Independent Non-Executive Director of the company, as he needs to devote more time and energy to other personal and business affairs. The resignation will take effect from the date the new Independent Non-Executive Director is appointed. After considering the recommendations of the Board Nomination Committee, the Board has resolved to propose the appointment of Mr. Fu Ming as Independent Non-Executive Director of the company. The proposed appointment of Mr. Fu Ming is subject to approval by shareholders at the extraordinary general meeting through an ordinary resolution, and will take effect from the date of approval at the extraordinary general meeting.