CEO Adam He resigns; Board appoints Xun Wu as CEO, expands board to 7, adds Haixia Lu as independent director

Professional Diversity Network, Inc.

Adam He resigns as CEO effective July 22, 2025; no disagreement with company cited.
Board appoints Xun Wu as CEO, effective July 22; employment agreement provides $100K/yr in stock for 12-month term.
Board increases size from 5 to 7 directors and appoints Haixia Lu as independent director.
Lu receives $5K annual cash retainer and $25K in RSUs as non-employee director compensation.
Wu has no prior transactions with company; Lu determined independent under Nasdaq rules.

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