RIVERINE CHINA (01417): Sun Taoyong Appointed as Executive Director and Chairman of the Board

RIVERINE CHINA (01417) announces that Mr. Xiao Xingtao has resigned as an executive director of the Company, chairman of the Board and chairman of the nomination committee due to adjustment of work arrangements. Mr. Fu Qichang has resigned as an executive director of the Company, vice chairman of the Board and member of the remuneration committee due to adjustment of work arrangements; Mr. Zhang Yongjun has resigned as a non-executive director of the Company due to adjustment of work arrangements; Mr. Cheng Dong has resigned as an independent non-executive director of the Company, chairman of the remuneration committee, member of the audit committee and member of the nomination committee due to adjustment of work arrangements; Mr. Weng Guoqiang has resigned as an independent non-executive director of the Company, member of the audit committee, member of the remuneration committee and member of the nomination committee due to adjustment of work arrangements; and Mr. Xiao Yuqiao has resigned as a member of the remuneration committee of the Company due to adjustment of work arrangements. The resignations of the aforesaid directors shall take effect from 20 September 2026. The Board has appointed: (i) Mr. Sun Taoyong as an executive director of the Company, chairman of the Board, chairman of the nomination committee and member of the remuneration committee; (ii) Mr. Yang Xingyun as a non-executive director of the Company; (iii) Mr. Zhang Lijun as an independent non-executive director of the Company, chairman of the remuneration committee, member of the audit committee and member of the nomination committee; and (iv) Mr. Wang Yong as an independent non-executive director of the Company, member of the audit committee and member of the nomination committee. The appointments of Mr. Sun Taoyong, Mr. Yang Xingyun, Mr. Zhang Lijun and Mr. Wang Yong shall take effect from 20 September 2026, and their service contracts do not have a specific term of service. Pursuant to the articles of association of the Company, Mr. Sun Taoyong, Mr. Yang Xingyun, Mr. Zhang Lijun and Mr. Wang Yong will hold office as directors of the Company until the next annual general meeting of the Company, and will retire by rotation and be eligible for re-election at such meeting. Ms. Chen Xuanwen has resigned as the company secretary of the Company due to adjustment of work arrangements, with effect from 20 September 2026. Mr. He Bowen has been appointed as the company secretary of the Company in accordance with Rule 3.28 of the Listing Rules, with effect from 20 September 2026. Mr. Xiao Yuqiao and Ms. Chen Xuanwen have resigned as the authorised representatives of the Company as required under Rule 3.05 of the Listing Rules due to adjustment of work arrangements, with effect from 20 September 2026. From the same date, Mr. Sun Taoyong and Mr. He Bowen have been appointed as the authorised representatives of the Company as required under Rule 3.05 of the Listing Rules in place of Mr. Xiao Yuqiao and Ms. Chen Xuanwen.