Huaibei GreenGold Industry Investment Co., Ltd. at its EGM held on January 15, 2024 approved appointment of Mr. Zhao Song as an executive Director and Ms. Lu Junzhe as an executive Director. Mr. Zhao, aged 50, graduated from Anhui Business College in the PRC in Statistics and Market Information in July 1996 and graduated from Anhui College of Finance and Trade in the PRC in Accounting in April 2002. In addition, Mr. Zhao is an intermediate accountant.

Since August 2023, Mr. Zhao has been the Chief Financial Officer of the Company. From September 2020 to July 2023, he worked as an inspector in the discipline inspection and supervision department at Huaibei City Construction Investment Holding Group Co., Ltd. From February 2017 to August 2020, he was appointed the chief financial officer of Hui Li Financial Information Services (Shanghai) Co., Ltd. He was the chief financial officer of Anhui Huike Pharmaceutical Co., Ltd. from June 2006 to January 2017. Mr. Zhao was the finance manager of Heyuan Longji Metal Products Co., Ltd. from November 2003 to May 2006.

Mr. Zhao worked at the finance department of Anhui Hongfang Group Co., Ltd. from September 1996 to October 2003. The biographical details of Ms. Lu are set out as follows: Ms. Lu, aged 29, obtained a bachelor's degree in international business from Shandong University of Finance and Economics in the PRC in July 2016. Since December 2023, Ms. Lu has been the joint company secretary of the Company.

Since August 2023, Ms. Lu has been the deputy general manager and the head of securities investment department of the Company. She was the head of the risk control department and business manager of the business development department of Huaibei City Construction Investment Trading Co., Ltd. from May 2019 to July 2023 and February 2017 to May 2019, respectively. The Board further announced that Mr. Liu Yong has ceased to serve as an authorised representative of the Company by reason of reassignment of work, with effect from 15 January 2024.

Mr. Liu Yong will remain as the chairman of the Board and an executive Director. In this regard, Ms. Lu has been appointed as an Authorised Representative with effect from 15 January 2024.