Zhitong Finance App News, Baofa Holdings (08532.HK) announced that Ms. Lu Lili was appointed as the company's independent non-executive director, chairman of the Audit Committee, and a member of the Remuneration Committee and Nomination Committee; Mr. Wen Runer resigned as an independent non-executive director and no longer serves as the chairman of the Company's Remuneration Committee and a member of the Audit Committee and Nomination Committee; Dr. Lung Cheuk-wah resigned as an independent non-executive director and a member of the Remuneration Committee and Nomination Committee, effective December 22, 2025.

Zhitong Finance App News, Baofa Holdings (08532.HK) announced that Ms. Lu Lili was appointed as the company's independent non-executive director, chairman of the Audit Committee, and a member of the Remuneration Committee and Nomination Committee; Mr. Wen Runer resigned as an independent non-executive director and no longer serves as the chairman of the Company's Remuneration Committee and a member of the Audit Committee and Nomination Committee; Dr. Lung Cheuk-wah resigned as an independent non-executive director and a member of the Remuneration Committee and Nomination Committee, effective December 22, 2025.