Chu Kong Petroleum and Natural Gas Steel Pipe Holdings Limited (Chu Kong Pipe; 01938.HK) disclosed a forthcoming change in its board composition and committee leadership, effective 1 April 2026.

Mr. Zhan Jian Zhou will resign as Independent Non-Executive Director (INED), Chairman of the Remuneration Committee, and member of both the Audit and Nomination Committees due to increased personal commitments. The company confirmed there is no disagreement between Mr. Zhan and the Board, and no other matters require shareholder attention.

To fill these roles, the Board has appointed Ms. Sun Dixie Hui, aged 56, as INED, Chairman of the Remuneration Committee, and member of the Audit and Nomination Committees, also effective 1 April 2026.

Professional background: • Bachelor’s degree in economics, Beijing Second Foreign Language Institute (1992) • MBA, University of New South Wales (1997) • Managing Director, Planetree Financial Group Limited since 2020 • Over 20 years of senior positions across international financial institutions and securities firms, with expertise in corporate finance, investment and banking.

Key terms of appointment: • Initial term: 1 April 2026 – 31 March 2028, subject to rotation and re-election in line with the Articles and HKEX Listing Rules. • Annual remuneration: HKD 220,000, benchmarked against market rates and peer INED compensation; subject to periodic review by the Remuneration Committee.

Compliance highlights: • Ms. Sun meets the independence criteria under Rule 3.13 of the HKEX Listing Rules and holds no shares in Chu Kong Pipe. • Her appointment ensures gender diversity within the Nomination Committee, aligning with Code Provision B.3.5 of the Corporate Governance Code effective 1 July 2025.

The Board expressed gratitude to Mr. Zhan for his contributions and welcomed Ms. Sun’s expected insights and experience to the company’s governance framework.