Yalian Development (002316.SZ): Chairman and General Manager Wang Yongbin Resigns

Gelonghui March 31丨Ailian Development (002316.SZ) announced that on March 31, 2026, the Board of Directors received a written resignation report submitted by Mr. Wang Yongbin, Chairman and General Manager. For personal reasons, Mr. Wang Yongbin requested to resign from his positions as Chairman of the Company, director, and General Manager, and to resign as the Chairman of the Board of Directors’ Strategic Committee as well. After his resignation, Mr. Wang Yongbin will no longer hold any position in the Company. He will continue to work in the Company’s subsidiaries. Mr. Wang Yongbin’s original term of office runs from July 28, 2025 to July 27, 2028.

On March 31, 2026, the Company convened the 7th meeting of the 7th session of the Board of Directors, deliberated and approved the “Proposal on the Election of the Company’s Chairman and the Change of the Legal Representative” and the “Proposal on the Appointment of the Company’s General Manager.” It was agreed to elect Mr. Xue Pu as Chairman of the Company’s 7th session of the Board of Directors, with a term from the date on which the Board of Directors approves the matter until the end of the term of the Company’s 7th session of the Board of Directors. Pursuant to the provisions of the Articles of Association, the Chairman who represents the Company to carry out its affairs is the Company’s legal representative; therefore, the Company’s legal representative will be changed accordingly to Mr. Xue Pu. The Board of Directors agreed to authorize relevant staff to handle the subsequent change registration matters. At the same time, following a qualification review by the nomination committee of the Board of Directors and after deliberation and approval by the Board of Directors, it was agreed to appoint Mr. Xue Pu as the Company’s General Manager, with a term until the end of the term of the Company’s 7th session of the Board of Directors.