On 17 September 2026, Baiwang Co., Ltd. released an updated register of its directors and their respective positions on the Board and its committees. The disclosure formalises leadership responsibilities following recent governance adjustments.

Board structure • Total directors: 10 – Executive Directors (3): Ms. Chen Jie (Chairlady of the Board, Chief Executive Officer and General Manager), Mr. Zou Yan, Ms. Zhu Liping – Non-executive Directors (3): Mr. Huang Miao, Mr. Diao Juanhuan, Mr. Chen Hang – Independent Non-executive Directors (4): Mr. Tian Lixin, Dr. Wu Changhai, Mr. Ng Kwok Yin, Mr. Fu Ming

Key committee appointments • Audit Committee: chaired by an independent non-executive director, with three other independent non-executive directors serving as members. • Remuneration and Appraisal Committee: led by an independent non-executive director; another independent non-executive director holds a member seat. • Nomination Committee: chaired by Ms. Chen Jie in her capacity as Chairlady of the Board; executive and independent non-executive directors occupy the remaining member positions.

The company states that the designations “C” (Chair/Chairlady) and “M” (Member) identify each director’s exact role within the respective committees. All changes are effective immediately as of the announcement date.

The updated governance framework underscores Baiwang Co.’s adherence to Hong Kong listing rules, ensuring that independent directors hold leadership roles in key oversight committees while executive management retains strategic oversight through the Nomination Committee. The disclosure provides investors with clarity on the company’s governance architecture ahead of forthcoming corporate actions and routine board activities.