Shenzhen Magic Decoration Co., Ltd.
Announcement on the Election of Chairman and the Nomination of Directors
The Company and all members of the Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Shenzhen Magic Decoration Co., Ltd. (hereinafter referred to as the "Company") held the 27th meeting of the Fifth Board of Directors on July 7, 2026, and reviewed and approved the "Proposal on the Election of the Chairman of the Fifth Board of Directors" and the "Proposal on the Nomination of Non-Independent Directors for the Fifth Board of Directors." The relevant situation is hereby announced as follows:
I. Election of Chairman
On June 23, 2026, the Company's Board of Directors received the written resignation report from Mr. He Fuxin, the Chairman of the Company. Due to work changes, Mr. He Fuxin applied to resign from his position as a non-independent director of the Fifth Board of Directors, and simultaneously resigned from his positions as Chairman, member of the Strategy Committee, and member of the Nomination Committee. He will no longer hold any positions in the Company after his resignation. For details, please refer to the "Announcement on the Resignation of the Chairman" (Announcement No.: 2026-050) disclosed by the Company on the Juchao Information Network (www.cninfo.com.cn) on June 24, 2026.
To ensure the standardized and efficient operation of the Company's Board of Directors and to improve its corporate governance structure, in accordance with the "Company Articles of Association" and the "Rules of Procedure for Board Meetings," the Company's Board of Directors agreed to elect Mr. He Shenjian (for resume, see attachment) as the Chairman of the Fifth Board of Directors. His term of office shall commence from the date of approval by the Board of Directors until the expiration of the current term of the Board of Directors.
II. Nomination of Director Candidate