The board of directors of Dynagreen Environmental Protection Group Co., Ltd. announced that Ms. Zhong Xia ("Ms. Zhong") has tendered her resignation as an executive Director, the general manager (which is equivalent to chief executive officer) and a member of the strategy committee of the Company with effect from 8 February 2024 due to her retirement. The Board announced that Mr. Qiao Dewei has been appointed as the acting general manager (which is equivalent to chief executive officer) of the Company with effect from 8 February 2024, until the appointment of a permanent replacement for the aforesaid position takes effect. Mr. Qiao, aged 57, was appointed as an executive Director on 11 April 2012 and is the chairman of the Board since 31 March 2021.

Mr. Qiao worked as a clerk at the Central Enterprises Management Department of the Bureau of Finance in Hubei Province from July 1988 to July 1994, and worked as a clerk at the deputy director level from August 1994 to December 1995. He worked as the deputy manager of the finance department at Wuhan International Trust and Investment Company from January 1996 to December 1997, and worked as a manager of the finance department at that company from January 1998 to February 2001. Mr. Qiao worked as the president assistant of Wuhan Zhengxin State-owned Assets Management Company from March 2001 to September 2005.

Between September 2005 and August 2008, Mr. Qiao served as the chief financial officer of the Company. Between September 2008 and April 2009, Mr. Qiao worked as the acting general manager of the Company. He worked as the general manager of the Company from April 2009 to March 2021.

Mr. Qiao was a Director from September 2005 to May 2011, and has also been a Director since April 2012. Mr. Qiao graduated from Zhongnan University of Economics and Law with a bachelor's degree in Economics in July 1988 and obtained his Master's degree in Law from Hubei University in June 1999. Between May 2005 and August 2006, Mr. Qiao furthered his studies in a learning project under the postgraduate course in Financial Management at Tsinghua University, and obtained his Executive Master of Business Administration degree from Peking University in July 2013.

Mr. Qiao qualified as an accountant, the certificate of which was issued by Profession Administration Department of Ministry of Finance, in November 1993. Mr. Qiao is a member of the strategy committee of the Company.