Kafelaku Coffee Holding Limited announced the immediate removal of Executive Director Mr. Ma Xiaoping and Independent Non-Executive Director (INED) Ms. Zhao Yuanyuan. The Board cited the pair’s alleged obstruction of corporate activities and failure to act in the Company’s best interests. Their dismissal was executed under Article 105(h) of the Articles of Association and approved by more than three-quarters of the Directors in office.

The departure of Ms. Zhao leaves the Company in breach of Hong Kong Listing Rules 3.10(1), 3.10A, 3.27A and 3.21, which require at least three INEDs (representing one-third of the Board) and a minimum of three members each on the Nomination and Audit Committees. The Board currently comprises six members—three executive, one non-executive and two INEDs—falling one INED short of compliance.

Management plans to appoint a new INED and restore full committee membership “as soon as practicable” and no later than three months from 30 September 2026. Further announcements will be issued in accordance with Listing Rule requirements.

As of 30 September 2026, the Board consists of Chairlady Ms. Szeto Huen Sum Hannah, Chief Executive Officer Mr. Cui Zifeng and Ms. Ou Shu as executive directors; Ms. Fung Wai Sim as non-executive director; and Mr. Yang Chao and Mr. Huang Shan as independent non-executive directors.