Management Change/Compensation (Form 8-K)

Item 5.02      Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On March 30, 2026, Mr. Yushi Guo and Mr. Jerry Qin each resigned from the Board of Directors of the Company and from all committees thereof on which they served, effective immediately.

Following the resignations, the Board of Directors reconstituted its committees. The Audit Committee now consists of Mao Sun, Jingsheng Lu and Yuanfei Qu. The Compensation Committee now consists of Yuanfei Qu, Chi Zhao and Mao Sun. The Nominating and Corporate Governance Committee now consists of Chi Zhao, Jingsheng Lu and Mao Sun.