Quantgroup Holding Limited (2685) Announces Board Resignations and Appointments

Bulletin Express03-02

Quantgroup Holding Limited (2685) has announced that Executive Director and Chief Technology Officer Zhou Qiang and Non-Executive Director Liu Fangwei have resigned from their positions effective March 2, 2026, citing a change in career plans and personal reasons. Both indicated no disagreement with the board, and no matters need to be brought to shareholders’ attention.

As of the same date, Quantgroup Holding Limited has appointed two executive directors: Zhang Yanshen, aged 32, as Executive Director and Chief Operating Officer, and Tan Feng, aged 38, as Executive Director and Chief Technology Officer. Zhang will receive a basic annual salary of RMB1.20 million, while Tan will receive RMB1.50 million. Both service contracts have an initial term of three years, subject to retirement and re-election requirements. Zhang holds interests in 606,060 shares of the company, representing approximately 0.12% of the total issued shares.

Zhang’s background includes roles in consumer investment and cross-border e-commerce. He previously served as strategy manager and later as vice president within the Group, demonstrating expertise in e-commerce development and brand strategy. Tan, holding a doctoral degree in Robotics from the Massachusetts Institute of Technology, brings over 10 years of experience in artificial intelligence and smart hardware. He has previously served as chief executive officer and chief technology officer in early-stage technology-focused companies.

The board expressed its appreciation for the contributions of the departing directors and welcomed Zhang and Tan to their new roles.

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