ITC NEOCLOUD (00199): Peng Mingdong Resigns as Independent Non-Executive Director

ITC NEOCLOUD (00199) announces that the following independent non-executive directors have resigned with effect from November 6, 2026: Mr. Peng Mingdong has tendered his resignation as an independent non-executive director as he wishes to devote more time to his existing work at the Hong Kong Tourism Board; and Mr. Chan Chun Hung has tendered his resignation as an independent non-executive director as he considers that he does not possess the expertise relevant to the new business line developed by the Group over the past 12 months, which requires a new skill set and in-depth technological knowledge. The Board further announces that, following the resignation of Mr. Peng and Mr. Chan as independent non-executive directors, with effect from November 6, 2026: Mr. Peng ceases to be the chairman of the Company's audit committee, the chairman of the Company's remuneration committee, a member of the Company's nomination committee and a member of the Company's environmental, social and governance committee; Mr. Chan ceases to be a member of the environmental, social and governance committee; Ms. Wang Siyan has been re-designated as the chairman of the remuneration committee, succeeding Mr. Peng; and Ms. Kong Shanna has been appointed as a member of each of the audit committee and the nomination committee. The Board also announces that Dr. Chen Guoqiang, an executive director of the Company, has been re-designated from co-vice chairman of the Board to vice chairman, with effect from November 6, 2026. Dr. Chen will continue to serve as an executive director.