China Jushi: Chairman Liu Yan resigns due to retirement age

China Jushi Announcement: Mr. Liu Yan, the company’s chairman, has applied to resign from the company’s legal representative, chairman, director, and positions on the special committees of the board of directors due to reaching the statutory retirement age. According to the Company Law and the company’s articles of association, Mr. Liu Yan’s resignation report will take effect from the date it is delivered to the board of directors, and he will no longer hold any position in the company after resignation. To ensure the normal operation of the company and the board of directors, during the vacancy of the chairman position, it is proposed to appoint Director Mr. Yang Guoming to act as the company’s chairman. The company held the 29th meeting of the 7th board of directors on March 18, 2026, which approved the relevant proposal with 9 votes in favor, 0 votes against, and 0 abstentions.