CHINA PENGFEI (03348): Xu Ruidong appointed as executive director

CHINA PENGFEI (03348) announces that Mr. Dai Xianru (Mr. Dai) will not seek reelection as an executive director in order to devote more time to his personal affairs. Therefore, he will step down as an executive director, effective immediately after the shareholders' annual general meeting. Upon approval by the shareholders at the annual general meeting, the Board of Directors is pleased to announce that Mr. Xu Ruidong (Mr. Xu) has been appointed as an executive director, effective June 18, 2025. The Board of Directors also announces that following Mr. Dai's resignation as an executive director, he will no longer serve as a member of the company's Remuneration Committee and Chairman of the Investment Committee, effective immediately after the shareholders' annual general meeting. Mr. Xu has been appointed as a member of the Remuneration Committee and Chairman of the Investment Committee.