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[Hon Chuan] Announcement regarding the change of directors at the major subsidiary, Hon Chuan Food Packaging (Zhangzhou) Co., Ltd.

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Hon Chuan Food Packaging (Zhangzhou) Co., Ltd. announced a change in its board of directors on May 22, 2026. Three former directors were removed, and one new director was appointed, resulting in a complete turnover.

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Frequently Asked Questions

Q: Will the board reshuffle at Hon Chuan Zhangzhou affect production?
A: This is an internal governance restructuring and there is no indication of negative impacts on daily production activities.
Q: Is this appointment based on group-wide policy?
A: Yes, the appointment and removal of subsidiary directors are conducted according to the parent company's 'Subsidiary Management Measures'.
Q: Why were all directors replaced in this board reshuffle?
A: It is a strategic management refresh for operational optimization, with no further detailed reasons disclosed.