Announcement • May 30
ADICON Holdings Limited Announces Yeh Richard as the Lead Independent Non-Executive Director, Effective May 27, 2026 ADICON Holdings Limited announced that Mr. YEH Richard, an independent non-executive Director, had been designated as the lead independent non-executive Director with effect from May 27, 2026. Mr. YEH is currently the chairman of the audit committee and a member of the nomination committee of the Board. The responsibilities of the lead independent non-executive Director are not different from or greater than those of other independent non-executive Directors. Mr. YEH’s primary responsibility as the lead independent non-executive Director is to facilitate and strengthen communication among the independent non-executive Directors, between the independent non-executive Directors and the other members of the Board, and with the shareholders (in particular, the minority shareholders). The position of the lead independent non-executive Director is not an executive position in the Company, and the holder of such position does not have any management role in the Group. The designation of the lead independent non-executive Director is introduced with reference to the amended Corporate Governance Code as set out in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, which became effective on July 1, 2025. As at the date of this announcement, the Board comprised Mr. WANG Legang as an executive Director; Ms. YANG Ling, Mr. LIN Jixun, Mr. LI Bo and Mr. ZHOU Mintao as non-executive Directors; and Mr. MI Brian Zihou, Mr. YEH Richard and Mr. ZHANG Wei as independent non-executive Directors. Recent Insider Transactions • May 14
Non-Executive Director recently bought HK$409k worth of stock On the 5th of May, Bo Li bought around 100k shares on-market at roughly HK$4.09 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth HK$649k. Insiders have collectively bought HK$2.5m more in shares than they have sold in the last 12 months. Recent Insider Transactions • May 11
Non-Executive Chairwoman recently bought HK$649k worth of stock On the 4th of May, Ling Yang bought around 161k shares on-market at roughly HK$4.03 per share. This transaction amounted to 65% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Ling has been a buyer over the last 12 months, purchasing a net total of HK$1.7m worth in shares. 
