The board of directors of Xtep International Holdings Limited announced that with effect from 18 March 2025: Mr. Yeung Lo Bun has resigned as the chief financial officer of the Group. Ms. Ding Lizhi (Ms. Ding) has been appointed as the chief financial officer of the Group. Mr. Yeung Lo Bun, aged 47, joined the Group in September 2010 as group financial controller and was promoted to chief financial officer in September 2017.

He was also the company secretary and authorized representative of the Company from September 2017 until June 2024. During his tenure as chief financial officer of the Group, he has been responsible for the overall financial and accounting affairs, treasury, merger and acquisition, investor relations and company secretarial matters of the Group. He has over 20 years of experience in the field of audit, corporate finance and financial management.

Mr. Yeung is a director of various subsidiaries of the Company. Prior to joining the Group, Mr. Yeung worked for DaChan Food (Asia) Limited (stock code: 3999), a company listed on the Main Board of the Hong Kong Stock Exchange, from 2003 to 2010, where he last served as senior finance manager. He also worked for an international audit firm from 2001 to 2003.

Mr. Yeung graduated from The University of Melbourne with a bachelor's degree in commerce in 2000. He is a fellow member of the Hong Kong Institute of Certified Public Accountants. Ms. Ding Lizhi, aged 32, joined the Group in 2017 and has played a pivotal role in overseeing and implementing the Group's multi-brand strategies, acquisitions and integrations.

She has also been responsible for multi-brand management, product development, and end-to-end operations across online and offline channels, accumulating substantial expertise across the business value chain. In 2024, she was promoted to group vice president, taking on responsibility for the Group's finance department. Ms. Ding is a director of various subsidiaries of the Company.

She holds a bachelor's degree in economics from University College London. Ms. Ding is the eldest daughter of Mr. Ding Shui Po, an executive Director and the Chairman of the Company, and the niece of Ms. Ding Mei Qing and Mr. Ding Ming Zhong, both executive Directors.