Hanghua Corporation: Independent Director Cao Wenxu resigns, nominates Xiao Mengyuan as candidate.

Hanghua Group announced that due to changes in the company's ownership structure, which involves a reorganization of the board of directors, non-independent director Cao Wenxu resigned from the position and as a member of the board's Strategic Committee on December 22, 2025. He will continue to serve as the vice general manager. He directly owns 232,000 shares, accounting for 0.05% of the total shares, and also holds shares indirectly. On December 23, 2025, the company held a meeting and agreed to nominate Xiao Mengyuan as a candidate for the fourth term non-independent director of the board of directors, with the term starting from the approval of the first interim shareholders' meeting in 2026 until the completion of the fourth term of the board of directors. This matter is pending approval at the shareholders' meeting. If approved, Xiao Mengyuan will also serve as a member of the board's Strategic Committee.