HAICHANG HLDG (02255) has appointed Chen Wan as Executive Director, Chairman of the Board, and Chief Executive Officer.

HAICHANG HLDG (02255) announced that effective August 18, 2026, Mr. He Qigen has resigned as a non-executive director of the company, Mr. Lai Zhilin has resigned as a non-executive director and will no longer serve as a member of the Remuneration Committee and the Chairman of the Risk Management and Corporate Governance Committee to address personal and/or business matters. Mr. Liu Jiangtao has resigned as Chairman of the Board and will no longer serve as Chairman of the Nomination Committee, and Mr. Ouyang Ming has resigned as Chief Executive Officer of the company. Mr. Liu Jiangtao and Mr. Ouyang Ming will continue to serve as executive directors of the company. Effective August 18, 2026, Mr. Chen Wancheng has been appointed as an executive director, Chairman of the Board, and Chief Executive Officer (CEO), and Mr. Zhang Jianyao has been appointed as a non-executive director. Mr. Chen Wancheng has been appointed as the Chairman of the Nomination Committee, and Mr. Liu Jiangtao has been appointed as a member of the Remuneration Committee. In addition, Mr. Yuan Weijie has been appointed as Vice President of the company, responsible for the overall operational management of the group's park business. Mr. Jian Weiji has been appointed as Vice President of the company, responsible for the overall operational management of the group's hotel business. The Board further announced that (i) Mr. Ouyang Ming has resigned as a company authorized representative under Rule 3.05 of the Listing Rules, effective August 18, 2026, and (ii) following his resignation, Mr. Chen Wancheng has been appointed to replace Mr. Ouyang Ming as one of the company's authorized representatives.