Kunlun Tech announces board changes, secures 70m yuan credit facility

Beijing Kunlun Tech announced on December 19, 2025, that Mr. Huang Guoqiang resigned as director and member of the audit committee due to personal reasons, effective immediately. Following this, the board nominated Mr. Zhou Yahui, the company's controlling shareholder, as a candidate for director. His term will begin after approval at the first extraordinary general meeting in 2026. This change ensures that the number of directors who are also senior management or employee representatives does not exceed half of the total board members.

In a related development, the board elected Mr. Liu Xiaoyu as a member of the Fifth Board of Directors' Audit Committee, effective upon board approval without requiring shareholder review. Mr. Zhou Yahui, born in February 1977, is a Chinese national with a master's degree from Tsinghua University and a significant history with the company, having held various leadership roles since 2008. He holds 145,126,025 shares of the company.

Concurrently, the company also announced approval to apply for a comprehensive credit facility of up to 70,000,000 yuan from the Beijing Branch of Jiangsu Bank Co., Ltd. for a term of one year. This facility is unsecured and aims to support the company's operational development.