China Everbright Limited (Stock Code: 165) Announces Chairman Resignation and Board Restructuring

Bulletin Express03-02 17:45

On March 2, 2026, China Everbright Limited (the Company) announced the resignation of its Chairman and Non-Executive Director, Mr. Yu, effective the same date. Mr. Yu also stepped down from the Nomination, Remuneration, and Strategy Committees due to a change of work arrangement. He confirmed no disagreement with the Board and no matters needing the attention of shareholders or the Stock Exchange.

Mr. Lin, formerly President of the Group, has been re-designated as Chairman of the Board and appointed as a member of the Nomination and Remuneration Committees, effective March 2, 2026. He has over 30 years of experience in the financial industry and joined the Board in January 2024. The Board expressed gratitude for his past service as President and anticipates his leadership in the Chairman role.

Additionally, Mr. Pan, currently Executive Director and Vice President, assumed the duties of Acting President on March 2, 2026. He continues to serve as a director of certain Company subsidiaries and retains positions in other entities. He has entered into a service contract with no specific term, subject to retirement by rotation and re-election under the Company’s articles of association. The Board acknowledged Mr. Pan’s new responsibilities and expects a smooth transition under the revised leadership structure.

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