The Board of C&D Newin Paper & Pulp Corporation Limited announced that Mr. Shi Yaofeng has tendered his resignation as an executive Director and the chief executive officer of the Company with effect from 27 September 2023 to focus on his other business engagements. The Board announced that Mr. Huang Tiansheng, an executive Director, has been appointed as the chief executive officer of the Company with effect from 27 September 2023. Mr. Huang Tiansheng, aged 42, is an executive Director and an executive director and legal representative of each of Universal Pulp & Paper (Shandong) Co.

Ltd. and Shandong Yuantong Renewable Resources Recycling Company Limited, being wholly-owned subsidiaries of the Company. Mr. Huang joined the Group in January 2022. Mr. Huang has over 15 years of experience in managing the supply chain of paper industry.

Mr. Huang joined C&D Paper & Pulp Group in August 2002, where he has been responsible for the management of the supply of paper products in Guangdong Province and Zhejiang Province. Mr. Huang was promoted to assistant to the general manager of C&D Paper & Pulp Group in January 2016, deputy general manager of C&D Paper & Pulp Group's paper business in January 2021, and latterly deputy general manager (presiding over the work) of C&D Paper & Pulp Group's paper business in March 2023. He is currently responsible for the operation of C&D Paper & Pulp Group's paper business.

Mr. Huang obtained his bachelor's degree in economics, majoring in international trade, from Hangzhou Business Collegecurrently known as Zhejiang Gongshang University in July 2002.