BAY AREA DEV(00737): Wu Jianming appointed as Chairman of the Board

BAY AREA DEV (00737) announced that the Board of Directors has declared the following matters effective from February 12, 2026: 1. Mr. Liao Xiangwen has resigned from the positions of Chairman of the Board, Executive Director, member and chairman of the Executive Committee, and member and chairman of the Nomination Committee due to his work arrangements; 2. Mr. Wu Jianming, Executive Director, has been appointed as Chairman of the Board, Chairman of the Executive Committee, and member and chairman of the Nomination Committee; and 3. Ms. Zhao Guiping has been appointed as a non-executive director.