Board Change • Jun 12
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Non-Executive Director Jianxun Shi was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jun 10
Duiba Group Limited Announces Board Changes, Effective June 8, 2026 Duiba Group Limited announced that Mr. Cheng Peng tendered his resignation as an executive Director with effect from June 8, 2026 as he would like to devote more time to his personal development. Duiba Group Limited announced that Ms. Zhang Shuhua was appointed as a non-executive Director with effect from June 8, 2026. Ms. Zhang, aged 46, was appointed as a non-executive Director on June 8, 2026. Ms. Zhang joined the Group in June 2017 and currently serves as the financial controller of Hangzhou Duiba Internet Technology Co. Ltd., an indirect wholly-owned subsidiary of the Company, and is presently responsible for overseeing the financial department of the Group. Ms. Zhang received a college diploma in accounting from Zhejiang College of Finance & Economics of the People’s Republic of China (currently known as Zhejiang University of Finance & Economics) in June 2009. She has obtained the intermediate professional qualification in accounting (accounting intermediate title). With over ten years of experience in full-process financial management across traditional manufacturing, internet financial services, and internet technology groups, Ms. Zhang brings extensive expertise in compliance and financial operations. Ms. Zhang's appointment is subject to retirement at the next annual general meeting of the Company, and Ms. Zhang will then be eligible for re-election in accordance with the articles of association of the Company. As at the date of this announcement, the Board consists of Mr. Chen Xiaoliang and Mr. Zhu Jiangbo as executive Directors, Ms. Yang Jiaqing and Ms. Zhang Shuhua as non-executive Directors and Mr. Kam Wai Man, Dr. Gao Fuping and Dr. Shi Jianxun as independent non-executive Directors. New Risk • May 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Hong Kong stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (HK$157.2m market cap, or US$20.1m). 
