L&A Design Board Secretary Fu Jiamin Resigns for Personal Reasons; Chairman Li Baozhang Assumes Duties

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L&A Design announced that Board Secretary Fu Jiamin has applied to resign from her positions as board secretary and deputy finance director for personal reasons. Her original term was set to expire on July 18, 2027. The resignation report takes effect from the date it is delivered to the board, and she will no longer hold any position at the company after resigning. Fu Jiamin does not hold company shares and has no unfulfilled commitments. Her resignation will not affect the company's normal operations. Until a new board secretary is appointed, Chairman Li Baozhang will assume the duties of board secretary. Fu Jiamin was born in June 1990 and is a certified public accountant in China. She previously served as director, chief financial officer, and board secretary of Ciwen Media. She has served as board secretary and deputy finance director of L&A Design since August 2024. In terms of performance, in the first half of 2026 the company achieved operating revenue of 189 million yuan, down 3.82 percent year on year. Net profit attributable to the parent company was negative 12.64 million yuan, with the loss narrowing by 43.39 percent year on year. Net profit after deducting non-recurring items was negative 17.10 million yuan, with the loss narrowing by 36.22 percent year on year. Net cash flow from operating activities was negative 15.89 million yuan. Basic earnings per share were negative 0.15 yuan. The company said operating results continued to reduce losses, and the rising share of high-margin business drove continued improvement in gross margin. Landscape design business revenue grew 22.85 percent year on year, accounting for 54.45 percent of operating revenue, while operating costs fell 18.32 percent from the same period last year.

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