SVG: Chairman changed to Zhu Zhijian

SVG announced that the company will hold the seventh meeting of the sixth board of directors on May 20, 2025, to review and approve the proposal on the election of the chairman of the sixth board of directors. The meeting agreed to elect Mr. Zhu Zhijian, the company's director and president, as the chairman of the sixth board of directors, with a term starting from the date of approval at the seventh meeting of the sixth board of directors until the expiration of the term of the sixth board of directors. According to the provisions of the Articles of Association, the chairman is the legal representative of the company, and the legal representative of the company will be changed from Mr. Chen Linsen to Mr. Zhu Zhijian