XINGDA INT'L INED Resignation Leaves Board Short of HKEX Compliance; Replacement Expected Within Three Months

Bulletin Express04-08

Xingda International Holdings Limited announced that Independent Non-Executive Director (INED) Xu Chunhua resigned on 8 April 2026, citing the need to focus on personal and other business commitments. Her departure also ends her duties on the Board’s audit and nomination committees.

Post-resignation, the Board now consists of five executive directors and two INEDs, falling below Hong Kong Listing Rule thresholds that require: 1) A minimum of three INEDs (Rule 3.10(1)); 2) INEDs to represent at least one-third of the Board (Rule 3.10A); 3) At least three members on the audit committee (Rule 3.21); and 4) A nomination committee with a majority of INEDs (Rule 3.27A).

The company has begun a search for suitable candidate(s) and aims to restore full compliance within three months from the resignation date. Further announcements will be issued once new appointments are confirmed.

Xingda thanked Ms. Xu for her contributions and noted that she leaves with no disagreements with the Board and no issues requiring shareholder attention.

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