Shandong Luyang Energy-Saving Materials Co., Ltd. (hereinafter referred to as "the Company") received a written resignation report from President Brian Eldon Walker. On February 26, 2026, the Company held the 22nd (temporary) meeting of the 11th Board of Directors, which approved the proposals for the appointment of the financial officer and the president. The relevant information is announced as follows:
I. Resignation of the President
The board of directors recently received a written resignation report from President Brian Eldon Walker, who resigned for personal reasons. After his resignation, he will continue to serve as a director and a member of the board's strategic committee and remuneration and assessment committee. The original term of office for Brian Eldon Walker as president was from the date of approval at the 14th (temporary) meeting of the 11th Board of Directors until the end of the current board's term. According to the Company Law and the Articles of Association, his resignation report takes effect from the date it is delivered to the board of directors. As of the date of this announcement, Brian Eldon Walker does not hold any shares in the Company and has no unfulfilled commitments. His work has been handed over, and his resignation will not affect the Company's normal production and operations. The Company and the board express sincere gratitude to Brian Eldon Walker for his contributions during his tenure.