Phancy Group Co., Ltd. (Phancy) has released an updated roster of its ten-member Board of Directors, effective 26 May 2026.

The Board now consists of: • Executive Directors – Dr. Dai Wenyuan (Chairman, Chief Executive Officer and General Manager) and Mr. Chen Yuqiang (Chief Research Scientist). • Non-executive Directors – Dr. Yang Qiang, Mr. Dou Shuai and Mr. Zhang Jing. • Independent Non-executive Directors – Mr. Li Jianbin, Mr. Liu Chijin, Ms. Ke Yele and Mr. Pan Jialin. • Employee Representative Director – Mr. Chai Yifei.

Committee assignments are as follows:

1. Audit Committee Chair: Mr. Li Jianbin Members: Dr. Yang Qiang and Mr. Liu Chijin

2. Remuneration Committee Chair: Ms. Ke Yele Members: Dr. Yang Qiang and Mr. Liu Chijin

3. Nomination Committee Chair: Dr. Dai Wenyuan Members: Dr. Yang Qiang and Mr. Li Jianbin

The disclosure reaffirms Phancy’s compliance with Hong Kong corporate governance requirements by detailing director roles, independence status and committee leadership.