Ninestar appoints Wang Dongying as general manager; Kong Dezhu to remain director

Ninestar Corporation announced that its board of directors approved the appointment of Wang Dongying as the new general manager, effective from the board meeting held on October 13, 2025. This follows the resignation of Mr. Kong Dezhu from the general manager position due to work adjustments. Mr. Kong will continue to serve as a director of the company. The board meeting, which approved this adjustment, was held via telecommunication on October 13, 2025, with all nine directors participating and voting unanimously in favor.

Wang Dongying, born in January 1969, holds a bachelor's degree and has previously served as general manager of Geehy Microelectronics Co., Ltd., and as a director and senior deputy general manager of Ninestar Corporation. He directly holds 6,308,639 shares in Ninestar and indirectly holds 265,200 shares through the company’s first-phase employee stock ownership plan for long-term partners. Wang Dongying is the brother of Chairman Wang Dongying and has no other related party relationships.

Mr. Kong Dezhu, the outgoing general manager, directly holds 6,995,638 shares and indirectly holds 436,800 shares through the first-phase employee stock ownership plan. His resignation as general manager does not affect the company's normal production and operation. The change in leadership is effective from the date of the board’s approval and will serve until the expiry of the current board’s term.