Sichuan Changhong board changes; investment fund secures one-year extension

Sichuan Changhong Electric Co., Ltd. announced the resignation of non-independent directors Mr. Hou Zongtai, Mr. Duan Enchuan, and Mr. He Long from its twelfth board of directors, effective December 18, 2025, due to work changes. Following their resignations, these individuals will no longer hold any positions within the company, though Mr. Hou Zongtai and Mr. He Long will retain other roles in the company's subsidiaries. The board approved the nomination of Mr. Zhang Xiaolong and Mr. Shao Min as new non-independent director candidates, with their terms commencing upon shareholder approval.

In a related development, the company’s "Sichuan Hongyun New Generation Information Technology Venture Capital Fund Partnership" has received approval for another one-year extension of its operating period until October 18, 2026. This extension, approved on December 19, 2025, aims to facilitate the orderly exit of remaining investment projects, optimize returns, and ensure the interests of all partners. The fund, which has cumulatively invested RMB22,273.95 in 13 projects, is currently in its liquidation phase after its initial 10-year term.

Shareholders will convene on January 5, 2026, for the First Extraordinary General Meeting of 2026, to vote on the proposed director appointments. The meeting will utilize both physical attendance and online voting systems.