Proposed Appointment of Independent Non-Executive Director - Action and biographical disclosure

Oct 22, 2026

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited disclaim responsibility for the contents of this announcement. Shenwan Hongyuan Group Co., Ltd. announces that Mr. Fan Gongsheng has been nominated and, subject to shareholder approval at the general meeting, will serve as an independent non-executive director of the sixth session of the board. The notice provides his required biographical details under the Listing Rules, confirms his independence criteria, and states he has not been penalized or involved in related disciplinary actions.

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CategoryResearch & Report

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Proposed Appointment of Independent Non-Executive Director

Nomination and candidate background

Shareholder approval and term of office

Independence confirmation and disclosures

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (A joint stock company incorporated in the People ’s Republic of China with limited liability) (Stock Code: 6806) PROPOSED APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR Shenwan Hongyuan Group Co. , Ltd. (the “Company”) hereby announces that, as considered and approved by the Remuneration and Nomination Committee of the board of directors (the “Board”) of the Company and upon consideration and approval of the Board, Mr. Fan Gongsheng (“Mr. Fan”) has been nominated as a candidate for independent non-executive director of the sixth session of the Board of the Company. The biographical details of Mr. Fan, which are required to be disclosed under Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the“Listing Rules”), are set out as follows: Mr. Fan Gongsheng, was born in March 1958. From September 1986 to June 1987, Mr. Fan served as an assistant professor at Baruch College, City University of New York. From September 1987 to August 2008, he successively served at global investment banks including J.P. Morgan, Lehman Brothers, BNP Paribas, ABN AMRO and Dresdner Bank, responsible for public market investment and trading. From September 2008 to June 2015, he held successive positions at China Investment Corporation, including the director of the relative return investment department, responsible for global public market investment business; the director of the special return investment department, responsible for global direct investment business; and the general manager of CIC International (Hong Kong) Co. , Limited. From February 2016 to February 2017, he served as the general manager of Ortus Capital Management Limited, responsible for hedge fund management and development business. From February 2017 to March 2024, he served as the managing director, head of China and senior advisor of Lazard Asset Management, USA. Mr. Fan obtained a bachelor’s degree in mathematics from the University of Science and Technology of China in 1982; a master’s degree in mathematics from Columbia University, USA, in 1983; and a doctoral degree in mathematics from Columbia University, USA, in 1986. The appointment of Mr. Fan will be subject to the consideration and approval by the shareholders of the Company (the “Shareholders”) at the general meeting of the Company (the “General Meeting”) . Subject to the election and approval of the appointment of Mr. Fan as a candidate for independent non-executive director of the sixth session of the Board of the Company at the General Meeting, he will perform the duties as an independent non-executive director of the sixth session of the Board of the Company, with the term of office expiring on the date of the change of the sixth session of the Board of the Company. Pursuant to the articles of association of the Company, Mr. Fan is eligible for re-election upon expiry of his term of office. The remuneration of Mr. Fan for serving as an independent nonexecutive director of the Company shall be determined in accordance with the relevant national policies, relevant regulations of the Company and the resolution of the General Meeting, which will be disclosed in the annual report of the Company. Mr. Fan has confirmed that he has met the independence criteria as set out in Rule 3.13 of the Listing Rules. In particular, Mr. Fan has confirmed that: (1) his independence requirement in relation to each of the factors set out in Rules 3.13(1) to (8) of the Listing Rules; (2) he has no past or present financial or other interests in the business of the Company or its subsidiaries

FAQs

Who is nominated for the independent non-executive director position?

Mr. Fan Gongsheng is nominated as a candidate for independent non-executive director of the sixth session of the Company’s board.

What approvals are required before Mr. Fan can take office?

His appointment is subject to consideration and approval by shareholders at the general meeting, and to conditions relating to the filing process where the Shenzhen Stock Exchange has no objection.

How is Mr. Fan’s independence assessed in the announcement?

Mr. Fan confirmed he meets the independence criteria under Rule 3.13 of the Listing Rules, including that he has no relevant financial or other interests, no connections to core connected persons, and no other factors affecting independence. The board and its Remuneration and Nomination Committee concluded he is independent.

Oct 22, 2026

Uploaded by Franzy