GaoXin Retail: Currently unable to reach CEO Li Weiping

Gao Xin Retail announces that the company is temporarily unable to contact Executive Director and CEO Li Weiping. Ms. Li joined the Group on December 1, 2025. Prior to joining the Group, Ms. Li worked at Hema from September 2018 to November 2025, holding multiple positions. The Board believes that this matter has no significant adverse effect on the Group, and the Group’s business and operations continue to operate normally. During this period, the Group’s daily business operations and management will be temporarily overseen by Mr. Hua Yuneng, Chairman of the Board.

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