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02/12/2026 | Press release | Distributed by Public on 02/12/2026 14:32

Management Change/Compensation (Form 8-K)

Item 5.02. Departure of Directors or Certain Officers; Appointment of Certain Officers

Effective February 12, 2026, as part of a corporate governance and management realignment, Jie Zhou, Yifan Wang, Qianglong Zeng, and Wei Zhen resigned from their positions as members of the Board of Directors of the Company, and simultaneously each of the foregoing individuals was appointed to serve as a consultant to the Company and will continue to support the Company in advisory capacities, effective immediately.

Effective February 12, 2026, Wei Zhen resigned from his position as Chief Financial Officer of the Company, and the Board of Directors appointed Hailiang Li to serve as Chief Financial Officer of the Company.

Mr. Li graduated from the School of Management at Xi'an Jiaotong University. He previously served as Deputy Secretary-General of the Sun Yat-sen Center Foundation and as General Manager of Shanghai Shanguan Culture Communication Co., Ltd. He currently serves as the Founder and Chief Executive Officer of Xirangsheng (Shenzhen) Health Technology Co., Ltd. Mr. Li has over 20 years of experience in corporate management and operations, including experience in financial management, corporate governance, strategic planning, and digital transformation initiatives.

The foregoing resignations were not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices.

There are no arrangements or understandings between Mr. Li and any other person pursuant to which he was appointed as Chief Financial Officer. There are no family relationships between Mr. Li and any director or executive officer of the Company.

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