COFCO Sugar appoints Ma Hongbo as new chief accountant

COFCO Sugar Holdings Co., Ltd. announced a change in its chief accountant position, effective August 29, 2025. Tang Qiang has stepped down from his role as chief accountant due to a work-related change. His departure is effective immediately. Tang's original term was set to expire on April 17, 2026. The company confirmed that his resignation will not adversely affect the company's normal business operations and expressed gratitude for his contributions to the company's profitability and risk management during his tenure.

Following Tang's departure, the Company's board of directors, at its Nineteenth Meeting of the Tenth Board of Directors held on August 29, 2025, approved the appointment of Ma Hongbo as the new chief accountant. This appointment was made upon the nomination of the Company's general manager and subsequently approved by the board's Nomination Committee and Audit and Risk Management Committee.

Ma Hongbo's term as chief accountant commences from the date of the board's approval and will continue until the expiration of the Tenth Board of Directors' term. Ma, born in November 1983, holds qualifications as a certified public accountant and senior accountant. His extensive experience includes various financial management roles within COFCO Group, such as deputy general manager and general manager of the Finance Department at COFCO Grains and Oils Holdings Co., Ltd.