China Hongqiao Group Limited (01378.HK) has announced a series of board changes that will take effect at the conclusion of its Annual General Meeting (AGM) scheduled for 19 May 2026:

1. Executive Leadership • Executive Director and Vice Chairwoman Zheng Shuliang will retire at the close of the 2026 AGM, stepping down from both the Board and its Sustainability Committee. Zheng cited age considerations and will not seek re-election. • Zhang Jinglei, currently a Non-executive Director and Sustainability Committee member, will retire from his non-executive post at the AGM and stand for election as an Executive Director. If elected, he will receive a fixed annual salary of RMB0.50 million (tax-inclusive) and be eligible for a discretionary bonus under a new three-year service contract.

2. Independent Non-executive Directors (INEDs) • Long-serving INEDs Han Benwen (tenure: >9 years) and Dong Xinyi (nearly 9 years) will retire at the AGM and not seek re-election. Han will relinquish his roles as Chairman of both the Audit and Remuneration Committees and as a member of the Nomination Committee. Dong will step down from the Audit Committee. • The Board has nominated Meng Xianzhong (aged 73) and Ma Jin (aged 47) for election as INEDs at the AGM. Both have confirmed independence per Listing Rule 3.13 and report no shareholdings in the company. If appointed, each will sign a three-year service contract with annual remuneration of RMB0.20 million (tax-inclusive).

3. Governance Snapshot Following the AGM and subject to shareholder approval, the Board will comprise 12 directors: four Executive Directors (including the proposed appointment of Zhang Jinglei), four Non-executive Directors, and four INEDs.

Formal circulars detailing the proposed elections and redesignation will be dispatched to shareholders ahead of the AGM.