Wellcell Holdings (02477) has issued an announcement confirming a series of board changes, effective from 28 September 2026.

Mr. Zhang Xiaolong has resigned as an executive director in order to devote more time to the company's business development. Following his resignation, Mr. Zhang has also ceased to serve as chairman of the board's investment committee. Mr. Zhang currently serves as the group's chief operating officer and will continue in that role after stepping down as an executive director.

Mr. Chen Weiduan has resigned as an independent executive director in order to devote more time to his other business commitments. Following his resignation, Mr. Chen has also ceased to serve as chairman of the board's audit committee, as well as a member of each of the board's nomination committee, remuneration committee and investment committee.

Ms. Dan Xi has resigned as an independent executive director in order to devote more time to her other business commitments. Following her resignation, Ms. Dan has also ceased to serve as a member of each of the audit committee, nomination committee and remuneration committee.

The board is pleased to announce that Mr. Li Linghui has been appointed as a new independent non-executive director of the company, effective from 28 September 2026.

Following Mr. Zhang's resignation as an executive director and the resignations of Mr. Chen and Ms. Dan as independent executive directors, the composition of the board's committees has been changed as follows, effective from 28 September 2026: independent non-executive director Mr. Li has been appointed as chairman of the audit committee and as a member of each of the nomination committee, remuneration committee and investment committee; and Mr. Qian Fenglei, chairman of the board, executive director, chairman of the nomination committee and member of the investment committee, has been re-designated as chairman of the investment committee and appointed as a member of the remuneration committee.