The board of directors of China Ecotourism Group Limited announced that Ms. CHAN Tan Na Donna ("Ms. Chan") has resigned from her position as the chairperson of the Board (the "Chairman") and an executive director of the Company ("Executive Director") in order to devote more time to pursue her own business, with effect from 13 October 2023. Ms. Chan also ceases to act as an authorised representative of the Company (the "Authorised Representative") under Rule 3.05 of the Rules Governing the Listing of Securities of The Stock Exchange of Hong Kong Limited (the "Listing Rules") and Part 16 of Companies Ordinance (Chapter 622 of the Laws of Hong Kong) and an agent of the Company to accept service of process and notices in Hong Kong on behalf of the Company under Rule 19.05(2) of the Listing Rules (the "Process Agent") and the chairman of the nomination committee of the Company (the "Nomination Committee") and a member of remuneration committee of the Company (the "Remuneration Committee"). The Board also announced that Mr. HUANG Shenglan ("Mr. Huang") has resigned as an independent non-executive director of the Company to pursue his personal retirement plan with effect from 13 October 2023.

Mr. Huang also ceases to be the chairman of each of the audit committee of the Company (the "Audit Committee") and the Remuneration Committee and a member of the Nomination Committee. The Board of the Company announced that Mr. DI Ling ("Mr. Di"), an Executive Director, has been appointed as the Chairman, an Authorised Representative, a Process Agent, the chairman of the Nomination Committee and a member of the Remuneration Committee with effect from 13 October 2023. Mr. Di, aged 59, joined the Group in July 2021 and is currently an Executive Director of the Company.

Mr. Di is responsible for the Group's business development and operation management of ecotourism in China. Mr. Di is experienced in risk investment and corporate finance sectors. He holds a Bachelor's degree from the Department of Thermal Engineering of Tsinghua University.

He served as the President of SB Green Investment Fund Limited since 2019 and the Standing Vice President of SB China Capital between 2011 and 2019. He has extensive experience in risk management, project management, corporate restructuring and debt restructuring. Mr. Di is an executive director of China Carbon Neutral Development Group Limited, a listed company in Hong Kong.