MMG chairman to step down next year

Mr. Xu Jiqing will resign as chairman and a non-executive director of MMG Limited, effective from the conclusion of the board meeting scheduled for 2 December 2025. The resignation allows Mr. Xu to focus on his responsibilities as vice president of China Minmetals Corporation.

Mr. Xu has confirmed there are no disagreements with the board and no other matters regarding his resignation that require disclosure to shareholders or The Stock Exchange of Hong Kong Limited. The board expressed gratitude for his contributions and will convene a future meeting to appoint a new chairman.

As of November 6, 2025, MMG's board comprises eight directors, including one executive director (Mr. Zhao Jing Ivo), three non-executive directors (Mr. Xu Jiqing, Mr. Zhang Shuqiang, Mr. Cao Liang), and four independent non-executive directors (Dr. Peter William Cassidy, Mr. Leung Cheuk Yan, Mr. Chan Ka Keung, Peter, and Ms. Chen Ying).