Guangdong ? Hong Kong Greater Bay Area Holdings Limited announced that with effect from January 9, 2026, Ms. Wei Haiyan has resigned as an executive Director and a member of each of the Nomination Committee and the Remuneration Committee due to her other work commitments. Mr. Guan Huanfei has resigned as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee with effect from January 9, 2026 due to his other work commitments.
Mr. Zhong Junhua has been appointed as an executive Director, a member of each of the Nomination Committee and the Remuneration Committee with effect from January 9, 2026. Mr. Zhong, aged 45, graduated from Xi?an University of Posts and Telecommunications in 2003 with a bachelor?s degree in computer science and technology. From July 2003 to date, Mr. Zhong has held different positions at various companies, he once served as the head of China Telecom Dongguan Branch, the director and general manager of Guangdong Zhixiang Information Technology Co.
Ltd. and he is currently the director of Shenzhen Tiandun Data Technology Company Limited. Mr. Zhong has accumulated over 20 years of extensive experience in the fields of telecommunications services, network security, data center development and operations, and artificial intelligence computing power services. Mr. Zhong is the founder of Wisdom Knight Holdings Limited and a director of the Target Company, which is currently a wholly-owned subsidiary of the Company.
Mr. Zhong also holds various directorships in the Target Group. Dr. Qian He has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of the Audit Committee with effect from January 9, 2026. Dr. Qian, aged 62, obtained a bachelor?s degree in semiconductor, a master?s degree in semiconductor physics and devices and a doctoral degree in engineering from Xi?an Jiaotong University in July 1984, July 1987, and December 1990, respectively.
Dr. Qian has been teaching at Tsinghua University since January 2009 and is currently a tenured professor at the School of Integrated Circuits of Tsinghua University. Prior to that, he served as the director of Samsung Semiconductor (China) Research Institute from June 2006 to December 2008 and worked at Institute of Microelectronics of the Chinese Academy of Sciences from December 1990 to May 2006, with his last position as its director. Dr. Qian has been an independent director of Beijing Memblaze Technology Co.
Ltd. since June 2021; GRINM Semiconductor Materials Co. Ltd. since May 2021; and Ucap Cloud Information Technology Co. Ltd. since late December 2025.
Dr. Qian has also been an independent director of GigaDevice Semiconductor Inc. since December 2021 and is expected to be redesignated as an independent non-executive director with effect from the listing date of GigaDevice on the Stock Exchange. Following the resignation of Ms. Wei, the Company will have a single gender Board, which will not meet the board diversity requirement under Rule 13.92 of the Listing Rules. The Company will also be unable to meet the requirement under code provision B.3.5 of the Corporate Governance Code set out in Appendix C1 to the Listing Rules which requires the Company to appoint at least one Director of a different gender to the Nomination Committee.
The Company will use its best endeavours to identify and appoint a suitable female candidate as a Director to meet the relevant requirements as soon as practicable, and in any event, within three months from the date of resignation of Ms. Wei.
