Shanghai Huili Building Materials Co Ltd

Huili B announced that the company's board of directors recently received a written resignation report from independent director Chao Xu, who resigned from his positions as independent director of the tenth board of directors and from related roles on special committees of the board for personal reasons. His original term was set to run until December 17, 2026. Because Chao Xu's departure would cause the proportion of independent directors on the company's board to fall below one-third, under relevant regulations he will continue to perform his duties until a new independent director takes office, and his departure will take effect on the date the replacement independent director candidate is elected. The announcement showed that Chao Xu's departure will not cause the number of board members to fall below the statutory minimum, and he has confirmed that he has no disagreement of opinion with the board, no outstanding public commitments that have not been fulfilled, and no matters requiring the attention of shareholders or creditors.