Jiangsu Dagang Co Ltd

Jiangsu Dagang Co., Ltd. Chairman An Mingliang has resigned from his positions as director, chairman, and member of relevant special committees due to a job transfer. After his resignation, he will no longer hold any position in the company. On the same day, the company held the tenth meeting of the ninth board of directors, electing Li Weibo as the new chairman, with a term lasting until the end of the ninth board's tenure. Li Weibo currently serves as the company's party secretary, director, and general manager. He holds no company shares, has no related-party relationships with shareholders holding more than 5% of shares or the actual controller, and will become the company's legal representative from the date he assumes the chairmanship.