Xianfeng Holdings Co., Ltd. (hereinafter referred to as "the Company") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, with no false records, misleading statements, or significant omissions.
The Company held the 26th meeting of the 8th Board of Directors on May 26, 2026, and reviewed and approved the proposal regarding the resignation of independent directors, the election of new independent directors, and the adjustment of the specialized committees of the Board of Directors. The relevant matters are announced as follows:
(1) Resignation of Independent Directors
Mr. Deng Yanchang has served as an independent director since January 23, 2020, and Mr. Liang Rong has served since May 21, 2020. Their terms have now reached six years. Both Mr. Deng Yanchang and Mr. Liang Rong have applied to resign from all positions as independent directors and members of the specialized committees of the 8th Board of Directors, and will no longer hold any positions in the Company after their resignation. Given that their resignations will result in the number of independent directors being less than one-third of the Board members, according to relevant regulations, their resignation reports will take effect after the election of new independent directors at the shareholders' meeting. Until the resignation reports take effect, Mr. Deng Yanchang and Mr. Liang Rong will continue to perform their duties as independent directors and members of the specialized committees in accordance with laws, regulations, and the Company’s Articles of Association. The Company will complete the election of new independent directors as soon as possible in accordance with legal procedures. The Board of Directors expresses heartfelt gratitude to Mr. Deng Yanchang and Mr. Liang Rong for their diligent and responsible service during their tenure as independent directors, which has positively contributed to the Company's standardized operations.