Haichang Ocean Park (02255): Qu Naijie appointed as non-executive director

Zhitong Finance App News, Haichang Ocean Park (02255) issued an announcement. The board of directors is pleased to announce that all prerequisites under the subscription agreement have been fulfilled, and that the subscription matters have been completed on October 17, 2025 in accordance with the terms and conditions of the subscription agreement. At the time of completion, the Company had officially allotted and issued 5.1 billion subscription shares to the subscribers at the subscription price of HK$0.45 per subscribed share in accordance with the special authorization sought from independent shareholders at the special shareholders' meeting. The subscribed shares account for about 62.85% of the Company's current issued share capital immediately before completion, and approximately 38.60% of the Company's issued share capital immediately after completion.

Upon completion, the Board of Directors announced that Qu Naijie had resigned as Executive Director, CEO and Chairman of the Board of Directors of the Company, Li Kehui had resigned as Executive Director, and Wang Xuguang, Go Toutou and Yuan Bing had resigned as non-executive directors to handle their personal and/or business matters. The above resignations all took effect on the date of this announcement.

After their resignations, Qu Naijie, Wang Xuguang and Yuan Bing ceased to serve as the chairman of the Company's Nomination Committee, members of the Remuneration Committee, and Chairman of the Risk Management and Corporate Governance Committee respectively.

From October 17, 2025, Qu Naijie will be reappointed as an executive director to a non-executive director.

The Board is pleased to announce that with effect from October 17, 2025, (i) Yu Faxiang, Ouyang Ming and Zhan Xinwei have been appointed as executive directors, and (ii) Lai Zhilin and Yu Honghua have been appointed as non-executive directors. Yu Faxiang has also been appointed as Chief Executive Officer and Chairman of the Board of Directors.

Following the above appointments, (i) Yu Faxiang has been appointed as Chairman of the Nomination Committee, (ii) Lai Chi-lin has been appointed as Chairman of the Risk Management and Corporate Governance Committee, and (iii) Yu Honghua has been appointed as a member of the Remuneration Committee, all with effect from October 17, 2025.

The Board further announced that (i) Qu Naijie has also resigned as an authorized representative of the Company in accordance with section 3.05 of the Listing Rules, effective October 17, 2025; and (ii) after his resignation, Zhan Xinwei has been appointed to replace Qu Naijie as one of the authorized representatives of the Company.