Chinese Megastone: Chairman Liu Yan resigns due to retirement age.

China Giant Stone Announcement: Mr. Liu Yan, Chairman of the company, has reached the statutory retirement age and has applied to resign from the positions of the company's legal representative, chairman, director, and member of the board's special committee. According to the Company Law and the company's articles of association, Mr. Liu Yan's resignation report shall take effect from the date of delivery to the board of directors, and he shall not hold any position in the company after resignation. To ensure the normal operation of the company and the board of directors during the vacancy of the chairman, it is proposed to elect Director Mr. Yang Guoming to act as the chairman of the company. The company held the 29th meeting of the 7th board of directors on March 18, 2026, and the relevant proposal was approved by 9 votes in favor, 0 votes against, and 0 votes abstaining.