XINMING CHINA (02699): Zhang Yu Appointed as Non-Executive Director

XINMING CHINA (02699) announced that the Company received resignation letters from Mr. Chen Chengshou, the chairman, executive director and chief executive officer of the Company, and Ms. Huang Chunlian, an independent non-executive director. Due to their other work arrangements and the need to focus on other personal matters, Mr. Chen has resigned as the chairman, executive director, chief executive officer of the Company and chairman of the nomination committee of the Company, and Ms. Huang has resigned as an independent non-executive director and a member of each of the audit committee, the remuneration committee and the nomination committee of the Company, with effect from October 21, 2026. Ms. Zhang Yu has been appointed as a non-executive director with effect from October 21, 2026. Following the resignations of Mr. Chen and Ms. Huang, the composition of the board committees of the Company has been changed as follows with effect from October 21, 2026: Mr. Chen ceased to serve as the chairman of the nomination committee of the Company; Ms. Huang ceased to serve as a member of each of the audit committee, the remuneration committee and the nomination committee of the Company; and Ms. Chen Huien, an independent non-executive director, has been re-designated as the chairman of the nomination committee of the Company.