Shanghai DZH director and CFO Chen Zhi passes away

Shanghai DZH Co., Ltd. announced with deep sorrow the passing of Mr. Chen Zhi, a director, member of the remuneration and assessment committee, and chief financial officer. According to a notification from Mr. Chen Zhi's family, he passed away on October 19, 2025.

During his tenure, Mr. Chen Zhi diligently fulfilled his responsibilities and obligations as a director and CFO, making significant contributions to the company's operational development. The company's board, supervisors, senior management, and all employees express their profound gratitude for his efforts and contributions and extend their deepest condolences to his family.

The company confirmed that Mr. Chen Zhi's passing will not cause the number of board members to fall below the minimum legal requirement. Shanghai DZH will promptly complete the selection and appointment process for the vacant positions in accordance with relevant laws and regulations and the company's articles of association, while also fulfilling its information disclosure obligations in a timely manner. The company's production and business operations are not expected to be affected.