The board of directors of EcoGreen International Group Limited announced that Mr. Han Huanguang (‘Mr. Han') has resigned as an executive Director, a member of the nomination committee, a member of the remuneration committee, an authorized representative of the Company (the ‘Authorised Representative') under Rule 3.05 of the Rules (‘Listing Rules') Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘Stock Exchange'), an authorised representative of the Company for the purpose of accepting service of process and notices on behalf of the Company in Hong Kong (the ‘Process Agent') and the directorship and all executive positions of the Company and all its subsidiaries with effect from 3 May 2022. In his resignation notice to the Company, Mr. Han alleged that since the incident of bank balance discrepancy, he has made effort to advise the Board on the next step action and made suggestions under the Code on Corporate Governance of the Listing Rules but despite his repeated requests, the management team did not respond by taking remedial actions to facilitate the performance of his duties as a Director. According to Mr. Han, he therefore came to the conclusion that he did not have the support and understanding of the Company and the management team, and he could no longer discharge his duties as an executive Director.

The Board and the management of the Company do not agree with the allegation of Mr. Han. All rights of the Company are hereby expressly reserved. Save as the above, the Board is not currently aware of other circumstances related to Mr. Han's resignation which needs to be brought to the attention of the shareholders of the Company.

Mr. Yang Yirong, the Chairman and an executive Director, has been appointed as an Authorised Representative with effect from 3 May 2022. Mr. Lam Kwok Kin, the company secretary of the Company, has remained to be an Authorised Representative and the Process Agent. Ms. Lu Jiahua has been appointed as a member of the nomination committee of the Company with effect from 3 May 2022.

Mr. Yang Yirong has been appointed as a member of the remuneration committee of the Company with effect from 3 May 2022.