Lakeside Holding appoints new Chairman, COO and independent director; former Chairman/COO resigns

Lakeside Holding Ltd

Mr. Lan Su resigned as Chairman of the Board and COO effective Aug 29, 2025; remains subsidiary general manager.
Mr. Yang Li appointed as director, COO, and Chairman; previously CEO of Shanghai Nanchao Technology Inc.
Ms. Xiaoou Li appointed as independent director; 9+ years in financial industry, Audit Committee financial expert.
Board now has five members with majority independent directors under Nasdaq rules.
Resignation not due to any disagreement with company's operations, policies, or practices.

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