Hangzhou Oxygen Plant Group announces director resignation and new appointment

Hangzhou Oxygen Plant Group announced on September 25, 2025, that Mr. Hua Wei has resigned from his roles as a director and member of the audit committee of the eighth board of directors due to work commitments. His resignation is effective immediately and he will no longer hold any positions within the company or its subsidiaries. The company's board will maintain its minimum required number of directors, ensuring continued normal operations.

In response to Mr. Hua Wei’s resignation, the board plans to elect Mr. Qian Yuchen as a new non-independent director. Mr. Qian, born in September 1988, holds a master's degree and has a background in finance and asset management. He currently serves as the head of the asset management department at Hangzhou State-owned Capital Investment and Operation Co., Ltd. and has held various leadership roles in other Hangzhou-based companies. His appointment is pending shareholder approval and will serve until the end of the eighth board of directors' term.

The company's "Measures for the Management and Use of Raised Funds" were also reviewed and approved on September 24, 2025, by the eighth board of directors. Mr. Qian Yuchen has no direct or indirect holdings in Hangzhou Oxygen Plant Group.