TAYHO GROUP: Re-elected employee representative director, Qiu Zhaoming succeeds Xu Lixin

On August 20, 2025, TAYHO GROUP held the fourth meeting of the eighth employee representative assembly, electing Qiu Zhaoming as the employee representative director of the company's eleventh board of directors, with a term until the expiration of the eleventh board's term. Xu Lixin will no longer hold this position but will continue to serve as a senior advisor and other roles, with his positions as vice chairman and member of the strategic committee automatically terminated. Xu Lixin's originally scheduled departure date is the expiration date of the eleventh board's term. He has made significant contributions during his tenure, and the company's board expresses gratitude. This change does not affect the operation of the board or the company's business, and the number of concurrent positions and employee representative directors on the eleventh board is compliant. Attached is Qiu Zhaoming's detailed resume, confirming that he meets the qualifications for the position