Effective August 28, 2026, Guangsheng Liu resigned as director, chairman, CEO, and CFO of Token Cat Limited. The resignation was not due to disagreements regarding operations or policies. Zhanli Wang was elected by the remaining board members to succeed Liu in all three roles: director, chairman, CEO, and CFO. Wang previously served as Operations Director at Ruitong Technology Co., Ltd. since February 2021 and holds a Bachelor’s Degree from Zhejiang University of Technology. This executive transition involves key leadership changes that could impact investor confidence and operational continuity.