WELLCELL HOLD (02477): Li Linghui Appointed as Independent Non-Executive Director

WELLCELL HOLD (02477) announced that with effect from September 28, 2026: Mr. Zhang Xiaolong has resigned as an executive director as he needs to devote more time to the company's business development. Following Mr. Zhang's resignation, Mr. Zhang has also ceased to serve as the chairman of the board's investment committee. Mr. Zhang is currently the group's chief operating officer and will continue to serve as the group's chief operating officer after resigning as an executive director. Mr. Chen Weiduan has resigned as an independent executive director as he needs to devote more time to his other business commitments. Following Mr. Chen's resignation, Mr. Chen has also ceased to serve as the chairman of the board's audit committee, as well as a member of each of the board's nomination committee, the board's remuneration committee and the investment committee. Ms. Dan Xi has resigned as an independent executive director as she needs to devote more time to her other business commitments. Following Ms. Dan's resignation, Ms. Dan has also ceased to serve as a member of each of the audit committee, the nomination committee and the remuneration committee. The board is pleased to announce that Mr. Li Linghui has been appointed as a new independent non-executive director of the company, with effect from September 28, 2026. Following Mr. Zhang's resignation as an executive director, and Mr. Chen's and Ms. Dan's resignations as independent executive directors, the composition of the board committees has been changed as follows, with effect from September 28, 2026: independent non-executive director Mr. Li has been appointed as the chairman of the audit committee, as well as a member of each of the nomination committee, the remuneration committee and the investment committee; and Mr. Qian Fenglei, the chairman of the board, an executive director, the chairman of the nomination committee and a member of the investment committee, has been re-designated as the chairman of the investment committee and appointed as a member of the remuneration committee.