East 33 Limited announced that Mr. Xialei (Raymond) Yu, a key employee of Shanghai Changxing Island Fishing Port Co. Ltd. has replaced Mr. Gao as a non-executive director of the company. Mr. Yu has been involved with East 33 since 2018 and has previously acted as an alternate director to Mr. Gao.

Mr. Yu has an in-depth understanding of the Australian aquaculture industry and extensive experience importing seafood from Australia to China. Date of appointment is 6 September 2022.