ST Zhizhi announced that the board of directors of the company recently received a written resignation report from director Ma Li. He resigned as a director and member of the Strategy Committee due to personal reasons and no longer held any position in the company after his resignation. The resignation report took effect when it was delivered on August 10, 2026, and the original term of office was until May 26, 2029. As of the disclosure date of the announcement, Horsepower did not hold shares, and there were no differences of opinion with the board of directors. His resignation did not reduce the number of board members below the minimum required number, and will not have a significant impact on the company's daily operations. The company will by-elect directors in accordance with regulations.

ST Zhizhi announced that the board of directors of the company recently received a written resignation report from director Ma Li. He resigned as a director and member of the Strategy Committee due to personal reasons and no longer held any position in the company after his resignation. The resignation report took effect when it was delivered on August 10, 2026, and the original term of office was until May 26, 2029. As of the disclosure date of the announcement, Horsepower did not hold shares, and there were no differences of opinion with the board of directors. His resignation did not reduce the number of board members below the minimum required number, and will not have a significant impact on the company's daily operations. The company will by-elect directors in accordance with regulations.