Lakala Payment Co., Ltd. announced that Yu Hao's qualification to serve as a non-independent director on the company's fourth board of directors has been approved by the Beijing branch of the People's Bank of China, and he has formally taken office. The company received the Administrative Licensing Decision from the Beijing branch of the central bank on August 19, 2026, approving Yu Hao to serve as a non-independent director. His term as a director and member of the strategy committee begins on August 17, 2026, and runs until the end of the fourth board's term. Yu Hao was nominated by the board on May 18, 2026, and elected at the shareholders' meeting on May 29.
Lakala Payment Co LtdRegulatory approval of a director appointment is routine governance, not a material business event.
