According to the announcement of Power Xinchen (01148) on the Wisdom Financial APP, Mr. Huang Haibo retired at the shareholders' annual meeting and did not accept re-election as a director. Therefore, he will no longer be an independent non-executive director and will take effect from the end of the shareholders' annual meeting. After his retirement, Mr. Huang will also no longer be the chairman of the remuneration committee under the board of directors, nor a member of the audit committee and nomination committee under the board of directors, and it will take effect from the end of the shareholders' annual meeting.

The board of directors has decided to appoint Ms. Dong Yan as the chairman of the remuneration committee under the board of directors, and a member of the audit committee and nomination committee under the board of directors, which will take effect from the end of the shareholders' annual meeting.