MOBVISTA (01860) Reshuffles Board: CEO Cao Xiaohuan Becomes Chairman; New Executive Director and Company Secretary Appointed

Hong Kong-listed mobile advertising technology group MOBVISTA (01860) announced a series of senior leadership changes effective 11 March 2026, aimed at “enhancing the management echelon construction” and streamlining decision-making.

Key board changes • Chair transition: Founder and executive director Duan Wei has stepped down as Board Chairman and head of the Nomination Committee, though he remains an executive director to focus on strategic guidance. • Dual role for CEO: Executive director and Chief Executive Officer Cao Xiaohuan, aged 40, assumes the additional posts of Board Chairman and Nomination Committee Chair. The Board acknowledged the deviation from Corporate Governance Code Provision C.2.1 (separation of chairman and CEO roles) but cited Cao’s industry experience and the presence of three independent non-executive directors as safeguards. • Director departure: Executive director Fang Zikai resigned to dedicate more time to product development and will continue as Chief Product Officer overseeing the Mintegral programmatic advertising platform.

New executive director • Jiang Ruofan, 39, currently the Group’s Board Secretary, joins the Board as an executive director. With 15 years’ experience in accounting, auditing and capital markets—including prior roles at PwC Zhong Tian LLP, China Taiping Insurance, GF Securities and GBA Industrial-Financial Investment—she strengthens the Group’s financial oversight. Jiang, a PRC-qualified CPA and University of Edinburgh graduate, received US$0.17 million in total remuneration for 2025. She holds 77,500 MOBVISTA shares, or 0.005 % of issued capital.

Remuneration and shareholdings • Cao Xiaohuan will not draw director fees; his CEO compensation for 2025 totaled US$0.70 million. He owns 2.88 million shares (0.18 % of issued capital) via CX Vision Holdings. • Jiang’s director role carries no separate salary; future remuneration aligns with her management duties and market benchmarks.

Corporate governance updates • Nomination Committee now comprises Cao Xiaohuan (Chair), Cheung Ho Ling Honnus and Wong Ka Fai Jimmy.

Company secretary and authorised representative • Lee Angel Pui Shan resigned as Company Secretary, Authorised Representative and Process Agent. Chu Pik Man, an assistant manager at SWCS Corporate Services Group and Chartered Secretary, succeeds her in all three capacities.

The Board thanked the outgoing executives for their service and welcomed the newly appointed leaders as the Group advances its strategic growth ambitions.