CONTEL (01912): Zhuang Jiayi and Lee Byungduck appointed as executive directors

CONTEL (01912) announced that the offeror intends to nominate Mr. Zhuang Jiayi and Mr. Lee Byungduck as executive directors, and Mr. Jiang Xuxi, Ms. L Zhuo, and Mr. Li Wei as independent non-executive directors, effective from the earliest date permitted after the issuance of the comprehensive document (i.e., as allowed under Rule 26.4 of the Takeover Code). Following the issuance of the comprehensive document on August 21, 2026, the board hereby announces that the newly appointed directors have been appointed, effective immediately after the issuance of the comprehensive document on August 21, 2026. Effective immediately after the issuance of the comprehensive document on August 21, 2026: Mr. Chen Guoquan will no longer serve as the chairman of the board's audit committee, while Mr. Deng Kunlei and Mr. Li Wanxin will no longer be members of the audit committee; Mr. Lin Qiang will no longer serve as the chairman of the board's nomination committee, while Mr. Li Wanxin, Mr. Chen Guoquan, and Ms. Zheng Yubi will no longer be members of the nomination committee; Mr. Li Wanxin will no longer serve as the chairman of the remuneration committee, while Mr. Lin Qiang and Mr. Deng Kunlei will no longer be members of the remuneration committee; Mr. Jiang has been appointed as the chairman of the audit committee, while Ms. L and Mr. Li have been appointed as members of the audit committee; Ms. L has been appointed as the chairman of the nomination committee, while Mr. Jiang and Mr. Li have been appointed as members of the nomination committee; and Mr. Li has been appointed as the chairman of the remuneration committee, while Mr. Jiang and Ms. L have been appointed as members of the remuneration committee. Effective immediately after the issuance of the comprehensive document on August 21, 2026: Mr. Lin Qiang has resigned as the chairman of the board, and Mr. Lee has been appointed as the chairman of the board; and Mr. Lin Qiang has resigned as the CEO of the company, and Mr. Zhuang has been appointed as the CEO of the company. Effective immediately after the issuance of the comprehensive document on August 21, 2026: Mr. Lin will no longer serve as one of the authorized representatives of the company under Rule 3.05 of the Listing Rules and the authorized representative for receiving legal process documents and notices in Hong Kong under Part 16 of the Companies Ordinance (Cap. 622); and Mr. Zhuang has been appointed as the authorized representative and agent for legal process documents.