FUTURE MACH LTD (01401.HK): Wang Huihui Resigns as INED, Zheng Jinying Appointed to Remuneration and Nomination Committees

NewTimeSpace News: On 10 November 2026, Future Machine Limited (stock code: 01401) announced that Wang Huihui resigned as an independent non-executive director and a member of the remuneration committee and nomination committee with effect from 10 November 2026, as she wishes to devote more time to personal and other business commitments; Ms. Wang confirmed she has no disagreement with the board and that no other matter relating to her resignation needs to be brought to shareholders' attention.

The announcement disclosed that Zheng Jinying has been appointed as an independent non-executive director and a member of the remuneration committee and nomination committee with effect from 10 November 2026. Ms. Zheng, aged 48, holds a Master of Business Administration from Beijing Jiaotong University and a Bachelor's degree in management (accounting) from Shenzhen University, and has more than 25 years of experience in finance, corporate management and business operations.

The Company stated that Ms. Zheng has held senior finance, credit control and management positions at fast-growing private enterprises, state-owned enterprise groups and a Shenzhen Stock Exchange-listed company: she was finance manager of C&C Joint Printing (Hong Kong) Limited from 2000 to 2011; held senior finance roles at the SF Group from 2011 to 2019, including head of the group headquarters finance settlement office, finance director of the cold chain logistics business and regional finance head; was finance director of Shenzhen Tongyi Industrial Co., Ltd. (300538.SZ) from 2020 to 2021; was operations management director of the express and freight business unit at JD Logistics headquarters from 2022 to 2023; and since 2023 has founded Shenzhen Bazhi Management Consulting Co., Ltd. and served as senior finance and strategy adviser to companies in semiconductors, technology, new materials and logistics.

The Company stated that under the appointment letter, Ms. Zheng's initial term runs for three years from 10 November 2026 or until the third annual general meeting held after her appointment, whichever is earlier, subject to retirement by rotation and re-election under the articles. She is entitled to an annual director's fee of HKD 120,000, recommended by the remuneration committee and approved by the board by reference to her qualifications, experience and duties and the market rate for the position. Ms. Zheng confirmed she meets all independence criteria under Rule 3.13, holds no other office in the Company or other group members, has no relationship with any director, senior management, substantial shareholder or controlling shareholder, and has no interest in the Company's shares.