• Nanyang New Development expects no material operational impact from Chief Executive Officer Chen Hongbo's departure, according to its October 28, 2026 response.
• Chief Sales Director Gui XinDong has assumed Chen's duties on an interim basis while the company seeks a replacement.
• Chen stepped down on October 20, 2026, having been appointed on November 5, 2025.
• His departure reflected retirement plans, health-related limits on day-to-day management and family commitments.
• Chen confirmed no disagreement with the board; the board identified no other concerns requiring shareholders' attention.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nanyang New Development Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 2KO8THW8D0M5GYKR) on October 28, 2026, and is solely responsible for the information contained therein.