ST Hanchuan announced that Li Xing, the company's employee representative director, resigned as the employee representative director due to personal reasons and is still the senior director of the production department. The resignation did not affect the normal operation of the company. The company held a staff congress on August 25, 2026 to elect Shi Mingming as the employee representative director of the 3rd board of directors. The term of office will expire until the end of the 3rd board of directors. On August 26, the board of directors of the company reviewed and approved the appointment of Shi Mingming as the deputy general manager to be responsible for matters related to investment management. The term of office will expire until the end of the third board of directors. Shi Mingming does not hold shares in the company, has no relationship with shareholders or actual controllers who hold more than 5% of the shares, and is eligible for employment.

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