AXT appoints Leonard J. Leblanc to Board to fill vacancy; Jesse Chen named Audit Committee Chair

AXT INC

Leonard J. Leblanc appointed as Class III director effective July 29, 2025, to fill vacancy from Christine Russell's passing.
Leblanc not initially independent due to prior consulting compensation; independence re-evaluated Jan 1, 2026.
Leblanc receives initial award of 29,112 restricted shares vesting May 15, 2026; serves on Audit, Compensation, Nominating committees.
Jesse Chen appointed Chair of Audit Committee, receives $20k annual retainer.

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