The Board of Vinda International Holdings Limited announced that with immediate effect following close of the Offer on 2 April 2024: Mr. Li Chao Wang has resigned as an executive Director and a member of the executive committee of the Company (the ?Executive Committee?). Ms. Yu Yi Fang has resigned as an executive Director, vice chairman of the Board and member of the Executive Committee and risk management committee of the Company (the ?Risk Management Committee?). Ms. Li Jielin has resigned as an executive Director, member of the Executive Committee, Risk Management Committee and strategic development committee of the Company (the ?Strategic Development Committee?) and authorised representative of the Company for the purpose of Rule 3.05 of the Listing Rules (the ?Authorised Representative?).

Mr. Dong Yi Ping has resigned as an executive Director, Chief Technology Officer ­ mainland China and member of the Executive Committee and Strategic Development Committee. Mr. Jan Christer Johansson has resigned as a non-executive Director, vice chairman of the Board and member of the remuneration committee of the Company (the ?Remuneration Committee?), nomination committee of the Company, Risk Management Committee and Strategic Development Committee. Mr. Carl Magnus Groth has resigned as a non-executive Director.

Mr. Carl Fredrik Stenson Rystedt has resigned as a non-executive Director and member of the audit committee of the Company and Risk Management Committee. Mr. Johann Christoph Michalski has resigned as a non-executive Director and member of the Remuneration Committee and Strategic Development Committee. Mr. Gert Mikael Schmidt has resigned as an alternate Director (alternate to Mr. Jan Christer Johansson and Mr. Carl Magnus Groth), and Mr. Dominique Michel Jean Deschamps has resigned as an alternate Director (alternate to Mr. Carl Fredrik Stenson Rystedt).

The resignation of the resigning Directors was in connection with the change in control of the Company after close of the Offer. The Board announced that Mr. Hu Wei as been appointed as an Authorised Representative with effect from 2 April 2024. Following the resignation of the resigning Directors, the Board comprises seven members, of which one is executive Director, two are non-executive Directors and four are independent non-executive Directors.

As such, the Company is compliant with the requirement of having independent non-executive directors representing at least one-third of the Board under Rule 3.10A of the Listing Rules.