The board of directors of Elegance Optical International Holdings Limited announced that Mr. Yu Baodong has been appointed as executive Director of the Company and Chairman of the Board with effect from 23 February 2021. The biographical details of Mr. Yu are set out as follows: Mr. Yu, aged 57, has over 10 years of experience in project investment and corporate management. He holds a master degree in Economics from the Renmin University of China and a doctorate degree in Economics from the Wuhan University. Mr. Yu was an executive director of GCL-Poly Energy Holdings Limited (Stock Code: 3800) from November 2006 to September 2014, a non-executive director of GCL New Energy Holdings Limited (Stock Code: 451) from May 2014 to February 2015 and a non-executive director of Asia Energy Logistics Group Limited (Stock Code: 351) from March 2009 to July 2020, all companies are listed on the Main Board of The Stock Exchange of Hong Kong Limited. Save as disclosed above, he does not hold any directorship in other public companies, the securities of which are listed on any securities market in Hong Kong or overseas in the last three years.