Shanghai Yashi: Chairman Liu Zhongyi passed away, Vice Chairman will perform duties.

Shanghai Yashi announced that the company's chairman, Liu Zhongyi, has passed away. Liu Zhongyi has been serving as the company's chairman since March 2024. As of the date of the announcement, he did not hold any company stocks and had no unfulfilled stock lock-up commitments. After Liu Zhongyi's passing, the number of directors in the company decreased from 9 to 8, which will not be lower than the minimum required by law. According to the company's articles of association, Vice Chairman Sun Wangping will temporarily assume the responsibilities of the chairman until a new chairman is elected. The company's operations are currently normal, and the election of new directors and chairman will be completed as soon as possible.