The board of directors of China Energy Development Holdings Limited announced that Mr. Gu Quan Rong has informed the Company that he will not stand for re-election at the forthcoming annual general meeting of the Company scheduled to be held on 9 June 2023 and will retire as a Non-Executive Director with effect from the conclusion of the 2023 AGM, due to his intention to devote more time to his other personal commitments and pursuits.