HONGHUA GROUP (00196): Wang Xu resigns as executive director

HONGHUA GROUP (00196) announced that Mr. Wang Xu has resigned from his positions as Chairman of the Board, Executive Director, Chairman of the Nomination Committee, and Chairman of the Strategic Investment Committee due to job adjustments, effective from August 12, 2026. Following Mr. Wang's resignation, the positions of Chairman of the Board and Chairman of the Strategic Investment Committee will be temporarily vacant. The Board is actively seeking suitable candidates to fill the above vacancies and will make appointments as soon as feasible. Mr. Zhu Hua, the Companys Executive Director and President, will temporarily assist the Board in overseeing the management and operations of the Company to ensure continuity of the Group's business activities. After Mr. Wang's resignation, the position of Chairman of the Nomination Committee will also be temporarily vacant, as a new Chairman has not yet been appointed.