Xinhua commercial group announces new leadership and board appointments

Yinchuan Xinhua Commercial Group (SSE:600785) held its fifth extraordinary general meeting of shareholders on September 26, 2025. All proposals were approved by more than two-thirds of the valid voting shares. The meeting approved annual allowances for independent directors and elected the tenth board of directors. Mr. Qu Kui, Ms. Ma Weihong, Ms. Mei Yali, Mr. Guo Tutu, and Mr. Yu Bin were elected as non-independent directors, while Ms. Mi Wenli, Mr. Zhang Wenjun, and Mr. Ma Shengyuan were elected as independent directors.

Following the shareholder meeting, the tenth board of directors convened its first meeting on September 26, 2025. Mr. Qu Kui was elected chairman. The board also established specialized committees, including the strategy, audit, nomination, and remuneration & assessment committees, with key appointments such as Ms. Ma Weihong as general manager and Ms. Mei Yali, Mr. Liang Bo, Mr. Zhang Yu, Ms. Chen Binbin, and Ms. Ma Huimin as deputy general managers. Mr. Zhang Yu will also serve as chief financial officer.

Additionally, Mr. Li Baosheng was appointed board secretary, and Ms. Li Dan was appointed securities affairs representative. These appointments are effective until the expiration of the tenth board's term.