Announcement on the Completion of the Board of Directors Election and Appointment of Senior Management and Securities Affairs Representative

Securities Code: 000890 Securities Abbreviation: Far East Announcement Number: 2026-050

Jiangsu Far East Stock Co., Ltd.

Announcement on the Completion of the Board of Directors Election and Appointment of Senior Management and Securities Affairs Representative

The Company and the Board of Directors guarantee the truthfulness, accuracy, and completeness of the information disclosed, and have no false records, misleading statements, or major omissions.

Jiangsu Far East Stock Co., Ltd. (hereinafter referred to as the "Company") held the 2026 Fourth Extraordinary Shareholders' Meeting on June 18, 2026, which approved the "Proposal on the Election of Non-Independent Directors for the 12th Board of Directors" and the "Proposal on the Election of Independent Directors for the 12th Board of Directors." Six non-independent directors and four independent directors were elected, who, together with one director elected by the Company's Employee Representative Assembly, form the 12th Board of Directors of the Company. On the same day, the Company held the First Meeting of the 12th Board of Directors, at which the Chairman of the Board, members of the specialized committees of the Board were elected, and the Company's senior management and securities affairs representative were appointed. The election and appointment work for the Company's Board of Directors has now been completed, and the relevant information is hereby announced as follows:

I. Composition of the 12th Board of Directors

Non-independent Directors: Mr. Chen Mingjun (Chairman), Ms. Huang Fang, Ms. Zhou Ling, Mr. Zhu Hongyu, Ms. Li Shanxi, Mr. Meng Xiansheng Independent Directors: Ms. Weng Xiaowei, Ms. Xu Xiaojuan, Ms. Liu Wei, Mr. Zhou Kai Employee Representative Director: Mr. Shen Cheng

The 12th Board of Directors of the Company is composed of the above 11 directors, with a term of office of three years from the date of election and approval at the 2026 Fourth Extraordinary Shareholders' Meeting. All members of the 12th Board of Directors are qualified to serve as directors of a listed company, have not been penalized by the China Securities Regulatory Commission or other relevant authorities, and have not been disciplined by the stock exchange. They do not fall under the circumstances stipulated in the "Company Law" and the "Articles of Association" that prohibit them from serving as directors of a listed company, nor are they listed as dishonest judgment debtors.

The number of directors who also serve as senior management personnel and the number of directors who are employee representatives do not exceed one-half of the total number of directors of the Company. The proportion of independent directors is not less than one-third of the total number of directors. The number and composition of directors comply with the relevant provisions of the "Company Law" and the "Articles of Association."

Independent directors have all obtained the qualification certificates for independent directors recognized by the Shenzhen Stock Exchange, and their qualifications and independence have been reviewed and approved by the Shenzhen Stock Exchange without objection. The resumes of the members of the Board of Directors are detailed in the appendix.

II. Composition of the Specialized Committees of the 12th Board of Directors

The 12th Board of Directors of the Company has established four specialized committees: the Strategy Committee, the Audit Committee, the Nomination Committee, and the Remuneration and Appraisal Committee. The composition of each specialized committee is as follows: