Pien Tze Huang: Chairman Lin Zhihui Resigns Due to Work Adjustment

36Kr learned that Pien Tze Huang announced that its chairman and legal representative, Lin Zhihui, recently submitted a resignation report to the board of directors due to work adjustments. He is stepping down as chairman and also resigning from his positions as director and member of relevant specialized committees, ceasing to hold any position within the company or its subsidiaries after leaving office. According to relevant provisions of the Articles of Association, the resignation of a director serving as legal representative is deemed to include simultaneous resignation as legal representative. Lin Zhihui's resignation report takes effect upon delivery to the board of directors. His resignation will not affect the company's normal production and operation, nor does it involve unfulfilled public commitments. The company will proceed to complete the selection of a new chairman as soon as possible in accordance with statutory procedures.