Wento Holdings Co., Ltd. Announcement on the Resignation and Appointment of the General Manager

MaticHoleFiller

2026-03-28 15:28:22

Securities Code: 600715 Securities Abbreviation: Wento Holdings Announcement Number: 2026-006

Wento Holdings Co., Ltd.

Announcement on the Resignation of the General Manager and the Appointment of the General Manager

The Board of Directors and all directors of the company guarantee that the content of this announcement does not contain any false records, misleading statements, or significant omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of its content.

Important Content Reminder:

● The Board of Directors of Wento Holdings Co., Ltd. (hereinafter referred to as “the Company”) recently received a written resignation letter from Mr. Jin Qinghai, the general manager of the Company. Mr. Jin Qinghai applied to resign from the position of general manager due to a job transfer. After his resignation, Mr. Jin Qinghai will still serve as a director of the eleventh Board of Directors, a member of the Strategic Committee of the Board, and a member of the Nomination Committee of the Board.

● The Company held the twelfth meeting of the eleventh Board of Directors on March 26, 2026, and approved the “Proposal on the Appointment of General Manager.” Based on the recommendation of the Company’s controlling shareholder, Capital Cultural Technology Group Co., Ltd., and the review by the Nomination Committee of the Board, the Board of Directors agreed to appoint Mr. Shi Yu as the general manager of the Company, with a term starting from the date of approval by this Board meeting until the end of the term of the eleventh Board of Directors.

Senior Management Departure Information

(1) Basic Information on Early Departure

The Board of Directors of the Company recently received a written resignation letter from Mr. Jin Qinghai, the general manager, who applied to resign from the position of general manager due to a job transfer. After his resignation, Mr. Jin Qinghai will still serve as a director of the eleventh Board of Directors, a member of the Strategic Committee of the Board, and a member of the Nomination Committee of the Board.

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(2) Impact of Departure on the Company

According to the “Company Law of the People’s Republic of China” and the “Articles of Association of Wento Holdings Co., Ltd.,” Mr. Jin Qinghai’s resignation report takes effect from the date it is delivered to the Board of Directors.

As of now, Mr. Jin Qinghai has completed the work handover, and his resignation will not adversely affect the normal production and operation of the Company.

During his tenure as general manager, Mr. Jin Qinghai diligently fulfilled his duties and made outstanding contributions to the promotion of the Company’s judicial reorganization, the facilitation of the Company’s standardized operations, and the enhancement of reforms. The Board of Directors expresses heartfelt gratitude for Mr. Jin Qinghai’s contributions during his tenure!

Appointment of the General Manager

The Company held the twelfth meeting of the eleventh Board of Directors on March 26, 2026, and approved the “Proposal on the Appointment of General Manager.” Based on the recommendation of the Company’s controlling shareholder, Capital Cultural Technology Group Co., Ltd., and the review by the Nomination Committee of the Board, the Board of Directors agreed to appoint Mr. Shi Yu as the general manager of the Company (resume attached), with a term starting from the date of approval by this Board meeting until the end of the term of the eleventh Board of Directors.

All information of the Company shall be subject to the information disclosed on the Shanghai Stock Exchange website (www.sse.com.cn) and related designated media. Investors are advised to invest rationally and pay attention to risks.

This announcement is hereby made.

Board of Directors of Wento Holdings Co., Ltd.

March 27, 2026

Resume

Shi Yu, male, 42 years old, master’s degree, senior accountant, certified public accountant. Previously served as the finance manager of Beijing Cultural Investment Development Group Co., Ltd.; deputy general manager and finance director of Beijing Cultural Technology Financing Leasing Co., Ltd.; general manager of Beijing Cultural Creative Industry Investment Fund Management Co., Ltd.; head of the financial management department and head of the strategic investment department of Capital Cultural Technology Group Co., Ltd.

Upon verification, Mr. Shi Yu serves as the chairman of Beijing Zhenhong Enterprise Operation Management Co., Ltd., a subsidiary of the controlling shareholder Capital Cultural Technology Group Co., Ltd. (has resigned from the position of manager, and the industrial and commercial change registration procedures have not been completed), serves as a director in Beijing Cultural Creative Industry Investment Fund Management Co., Ltd., an affiliated unit of the shareholder Beijing Wenzi Holdings Co., Ltd., and serves as the chairman of Beijing Wenzi Huizhong Investment Management Co., Ltd. (has resigned from the position of manager, and the industrial and commercial change registration procedures have not been completed). In addition, Mr. Shi Yu has no related relationship with other shareholders holding more than 5% of the Company; has no related relationship with the Company’s directors or senior management; does not have any circumstances that prohibit him from serving as a director or senior management according to the “Company Law” and other relevant laws and regulations; does not have any market ban measures taken by the China Securities Regulatory Commission that prevent him from serving as a director or senior management of listed companies, and the period has not expired; does not have any public recognition by securities trading places as unsuitable for serving as a director and senior management of listed companies, and the period has not expired; has not received any administrative penalties from the China Securities Regulatory Commission in the past 36 months; has not been publicly criticized by the securities exchange or received more than three public reprimands in the past 36 months; and has not been investigated by judicial authorities for suspected crimes or investigated by the China Securities Regulatory Commission for suspected violations of laws and regulations, and there is no clear conclusion yet; and has no significant dishonesty or other adverse records.

As of now, Mr. Shi Yu does not hold any shares of the Company.

Securities Code: 600715 Securities Abbreviation: Wento Holdings Number: 2026-007

Wento Holdings Co., Ltd.

Announcement of Resolutions of the Twelfth Meeting of the Eleventh Board of Directors

The Board of Directors and all directors of the Company guarantee that the content of this announcement does not contain any false records, misleading statements, or significant omissions, and bear legal responsibility for the authenticity, accuracy, and completeness of its content.

Meeting of the Board of Directors

The twelfth meeting of the eleventh Board of Directors of Wento Holdings Co., Ltd. (hereinafter referred to as “the Company”) was held on March 26, 2026, at 9:30 AM, in a combination of on-site and communication voting. This meeting of the Board of Directors was a temporary meeting, chaired by Mr. Xu Jian, the chairman of the Company. A total of 9 directors were required to attend the meeting, and 9 directors were present (including: Director He Fei, Independent Director Yang Buting, and Independent Director An Jingwen attended the meeting via communication voting; Director Feng Yaxing authorized Director Li Yue to attend the meeting and vote on her behalf). The Company’s general manager, board secretary, and other senior management personnel attended the meeting.

The notice and meeting materials for this meeting were sent out via communication on March 17, 2026. The convening, holding, and voting procedures of this meeting comply with the provisions of the “Company Law of the People’s Republic of China,” the “Articles of Association of Wento Holdings Co., Ltd.,” the “Rules of Procedure for Board Meetings of Wento Holdings Co., Ltd.,” and other relevant laws and regulations, and the resolutions of the meeting are legal and valid.

Review of the Board of Directors Meeting

All directors of the Company reviewed and approved the “Proposal on the Appointment of General Manager” through on-site and communication voting.

Due to the needs of the Company’s operational development, based on the recommendation of the Company’s controlling shareholder, Capital Cultural Technology Group Co., Ltd., and the review by the Nomination Committee of the Board, the Board of Directors agreed to appoint Mr. Shi Yu as the general manager of the Company, with a term starting from the date of approval by this Board meeting until the end of the term of the eleventh Board of Directors.

For specific details, please refer to the “Announcement on the Resignation of the General Manager and the Appointment of the General Manager” (Announcement Number: 2026-006) released by the Company on the same day.

This proposal has been reviewed and approved by the third meeting of the Nomination Committee of the eleventh Board of Directors.

Voting Results: 9 votes in favor, 0 votes against, 0 abstentions, approved.

This announcement is hereby made.

Board of Directors of Wento Holdings Co., Ltd.

March 27, 2026

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