Nanjing Xinbai announced that the fourth meeting of the 11th board of directors of the company deliberated and passed proposals to by-elect non-independent directors of the 11th board of directors, appoint the company's president, and hold the first extraordinary shareholders' meeting in 2026. Among them, the bill to appoint Feng Zhuoming as the company's president and by-election of non-independent directors still needs to be submitted to the company's shareholders' meeting for consideration. Feng Zhuoming is currently the president of the company's department store division. He does not hold shares in the company and has no relationship with other directors, executives, shareholders and actual controllers holding 5% or more of the company's shares.

Nanjing Xinbai announced that the fourth meeting of the 11th board of directors of the company deliberated and passed proposals to by-elect non-independent directors of the 11th board of directors, appoint the company's president, and hold the first extraordinary shareholders' meeting in 2026. Among them, the bill to appoint Feng Zhuoming as the company's president and by-election of non-independent directors still needs to be submitted to the company's shareholders' meeting for consideration. Feng Zhuoming is currently the president of the company's department store division. He does not hold shares in the company and has no relationship with other directors, executives, shareholders and actual controllers holding 5% or more of the company's shares.