Source of Heaven and Earth: The President and Vice President have stepped down due to age reasons, and the Chairman of the Board will assume the responsibilities of the President.

Tian Di Yuan announced that the 12th meeting of the 11th Board of Directors approved the proposal for changes in senior management personnel. President Wang Tao, Vice Presidents Liu Yongming and Yang Bin will step down on February 27, 2026 due to age reasons, earlier than their original term end date of August 25, 2028. Wang Tao will remain as a director of the 11th Board of Directors after stepping down, while Liu Yongming and Yang Bin will not continue in their positions. Before the formal appointment of a new president, Chairman Zhao Ji will temporarily assume the duties of the president. The Board of Directors Nomination Committee believes that this change is a normal adjustment and will not affect the company's operations and management.