China Sports Industry: The secretary of the board of directors, Xu Ningning, has resigned. Chairman Shan Tie will take over his duties.

Zhongti Industry announced that the Board Secretary Xu Ningning submitted his resignation letter to the Board of Directors on May 22, 2026, for personal reasons, with his term originally scheduled to end on February 2, 2027. His resignation will not have a significant impact on the company, as he does not hold any shares in the company and has no unfulfilled commitments. Before the appointment of a new Board Secretary, Chairman Dan Tie will assume the responsibilities, and the company will expedite the selection process.