BAIWANG CO (06657) has announced that Ms. Jin Xin is proposing to resign as an executive director due to work arrangement adjustments. Her resignation will take effect once a new executive director is appointed.

After considering the recommendation of the board's nomination committee, the board has resolved to propose the appointment of Ms. Zhu Liping as an executive director. The proposed appointment of Ms. Zhu Liping is subject to approval by shareholders via an ordinary resolution at the company's upcoming extraordinary general meeting and will take effect upon such approval.

Dr. Song Hua, due to other personal and business commitments requiring more time and energy, is proposing to resign as an independent non-executive director. This resignation will take effect once a new independent non-executive director is appointed.

After considering the recommendation of the board's nomination committee, the board has resolved to propose the appointment of Mr. Fu Ming as an independent non-executive director. The proposed appointment of Mr. Fu Ming is also subject to approval by shareholders via an ordinary resolution at the extraordinary general meeting and will take effect upon such approval.