China Carbon Neutral Development Group Limited announced appointment of Dr. Dai Fan as Independent Non-Executive Director and Member of the Audit Committee, the Nomination Committee and the Remuneration Committee.
Dr. Dai, aged 36, she has served as director of the California-China Climate Institute, special adviser to the governor of California, officer of the California Environmental Protection Agency, and investment adviser to the California Governor's Office of Business and Economic Development. During the tenure of California Governor Jerry Brown, Dr. Dai chaired the state's China Interagency Working Group, responsible for strategic cooperation between California and China in the areas of economy, energy, and environmental protection. Dr. Dai is a graduate of Berkeley Law, University of California. Dr. Dai has entered into a letter of appointment with the Company for a term of three years
commencing from 19 October 2023. Her directorship shall be subject to retirement by rotation and re-election pursuant to the articles of association of the Company. She will hold office until the next annual general meeting of the Company at which she will be eligible for re-election in accordance with the Articles. Dr. Dai is entitled to a Director's fee of HK$30,000 per month which has been determined by reference to her background, qualifications, experience, level of responsibilities to be undertaken with the Company and prevailing market conditions, and will be reviewed by the Board and the Remuneration Committee.