Dinglong Co., Ltd.: Announcement on the resignation of independent directors and the re-election of independent directors

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Bond code: 123255

Bond abbreviation: Dinglong Convertible Bond

Hubei Dinglong Holding Co., Ltd. Announcement on the resignation of independent directors and the re-election of independent directors

Our company and all members of the board of directors guarantee that the information disclosure is true, accurate, and complete, with no false records, misleading statements, or major omissions.

1. Resignation of independent director

Hubei Dinglong Holding Co., Ltd. ( hereinafter referred to as “the Company” ) recently received a written resignation report from independent director Mr. Wang Xiong Yuan. To actively cooperate with the company’s efforts to issue overseas listed foreign shares (H shares ) and apply for listing on the Hong Kong Stock Exchange ( hereinafter referred to as “HKEX” ) main board project, and to improve the company’s independent director structure according to domestic and international listing rules, after friendly communication, Mr. Wang Xiong Yuan applied to resign from his position as an independent director of the sixth board of directors, and simultaneously resigned from the company’s sixth board of directors’ audit committee, nomination committee, and remuneration and assessment committee. After resignation, he will no longer hold any position in the company.

Mr. Wang Xiong Yuan’s original term was from May 20, 2025, to May 6, 2027. As of this announcement, Mr. Wang Xiong Yuan does not hold any shares in the company and has no commitments that should be fulfilled but have not been fulfilled.

Since Mr. Wang Xiong Yuan’s resignation will cause the number of independent directors in the company to fall below one-third of the total board members, according to the “Company Law of the People’s Republic of China,” “Administrative Measures for Independent Directors of Listed Companies,” and other relevant laws and regulations, as well as the “Articles of Association,” his resignation will take effect after the shareholders’ meeting elects a new independent director. Until the new independent director takes office, Mr. Wang Xiong Yuan will continue to perform his duties in accordance with laws, regulations, and the Articles of Association.

During his tenure as an independent director, Mr. Wang Xiong Yuan acted independently and impartially, diligently fulfilling his responsibilities. The company’s board of directors sincerely thanks him for his contributions to the company’s development!

2. Re-election of independent director

On March 31, 2026, the company held the 10th meeting of the sixth board of directors, which approved the “Proposal on Re-electing Independent Directors” and the “Proposal on Adjusting the Composition of the Board’s Special Committees.” The company agreed to nominate Mr. Luo Wei as a candidate for independent director of the sixth board of directors ( detailed resume in the attachment ), and upon election as an independent director, he will serve as the chairman of the company’s sixth audit committee, and as a member of the nomination committee and the remuneration and assessment committee. His term will start from the date the shareholders’ meeting approves and will last until the end of the sixth board’s term.

The eligibility and independence of candidate Luo Wei still need to be reviewed and approved by the Shenzhen Stock Exchange before being submitted for the 2025 annual shareholders’ meeting.

This announcement is hereby made.

Board of Directors of Hubei Dinglong Holding Co., Ltd.

April 1, 2026

Attachment: Resume of the independent director candidate

Luo Wei: Male, Chinese nationality, born in April 1975, Ph.D. in Accounting from the University of Pittsburgh, USA. Currently an associate professor of accounting and law at the School of Economics and Management, University of Hong Kong, and an independent director at Beijing Huayu Software Co., Ltd.

As of this announcement date, Mr. Luo Wei does not hold any shares of the company, has no related-party relationships with the company’s controlling shareholder, actual controller, shareholders holding more than 5% of the shares, other directors, or senior management, and does not fall under the circumstances prohibited from serving as an independent director of the company as stipulated in the “Company Law of the People’s Republic of China” and the Articles of Association. He has not been penalized by the China Securities Regulatory Commission or other relevant departments, nor has he been disciplined by the stock exchange. He is not listed as a dishonest person subject to enforcement, and meets the conditions for appointment as stipulated in the “Company Law” and the Articles of Association.

Statement: The market carries risks; investment should be cautious. This article is automatically published based on third-party database data and does not represent Sina Finance’s views. All information appearing herein is for reference only and does not constitute personal investment advice. Please refer to the actual announcement for any discrepancies. If you have questions, contact biz@staff.sina.com.cn.