Kunlun Tech appoints new independent director, shareholders approve resolutions

Beijing Kunlun Tech Co., Ltd. announced the completion of its independent director by-election following the resignation of Mr. Li Donghong. Ms. Wu Rui, born in 1978, a doctor of business administration from the University of Southern California, was nominated by the board's nomination committee. She will serve as an independent director, chairman of the remuneration and assessment committee, and a member of the audit committee until the end of the fifth board's term. Ms. Wu Rui holds no company shares and has no related party relationship with major shareholders or management.

The appointment was approved at the second extraordinary general meeting of shareholders on November 3, 2025. During the meeting, shareholders also approved other key resolutions. Resolution 1.00, concerning the company providing guarantees for a subsidiary's bank credit, passed with 92.6739% of votes in favor. Resolution 2.00, on the by-election of an independent director, passed with 99.6538% in favor. Resolution 3.00, regarding changes to the registered capital and amendments to the Articles of Association, passed as a special resolution with 99.6607% in favor.

The meeting utilized a combination of on-site and online voting, ensuring participation from both large and small investors. According to the Shenzhen Stock Exchange regulations, small and medium investors' votes were counted separately. The board of directors confirmed that all procedures complied with legal and regulatory requirements.