On June 26, 2023, Clancy Corp. announced that Mr. Xiangying Meng resigned as Chief Executive Officer and Mr. Guangzhe Su, age 52, was appointed as Chief Executive Officer. Guangzhe Su.

Mr. Su is an entrepreneur having formed numerous companies in his business career. In 2017, he established Zhejiang Brilliant New Electric Vehicle Co. Ltd. (“Brilliant NEV”), a technology company, which among other things, provide smart charging, power storage and replacement services, located in Zhejiang, PRC.

In November 2022, he also established Zhejiang Brilliant Business Holdings Co. Ltd., located in Zhejiang, PRC, which is the parent entity of Brilliant NEV. Presently, he is the Chairman and General Manager of Zhejiang Brilliant Business Holdings Co.

Ltd. He has acted in that capacity since 2022.