Vanke Auto Independent Non-Executive Director Fu Man-Yee Resigns

Viewpoint News: August 1, Vanke New Energy Automobile Group Co., Ltd. announced that independent non-executive director Ms. Fu Man-Yee has resigned from her relevant positions, with the resignation taking effect on August 1, 2025.

Ms. Fu's resignation includes her positions as a member of the Audit Committee, Remuneration Committee, and Nomination Committee under the Board of Directors. Ms. Fu confirms that there are no disputes with Vanke Auto's Board of Directors and no matters requiring the attention of the company's shareholders or the Hong Kong Stock Exchange.

This resignation will have an impact on Vanke Auto's board structure, according to the listing rules of the Hong Kong Stock Exchange. The Board of Directors must include at least three independent non-executive directors, with the Audit Committee consisting of at least three members, the Remuneration Committee having mostly independent non-executive directors, and the Nomination Committee having mostly independent non-executive directors, with a need to appoint board members of different genders. Vanke Auto stated that the company is actively seeking suitable candidates to fill the vacancies in order to ensure compliance with relevant regulations within three months of Ms. Fu's resignation date.

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