On September 30, 2022, Ecomax, Inc. announced that the Raymond Chen, age 39, was appointed as director and, effective as of Mr. Yu Yam's resignation, as officer and Chairman of the board of directors. Mr. Chen has extensive experience in the financial industry and in company management. From September 2010 to January 2015, he served as a business advisor to many start-ups in the United States.

From April 2016 to September 2022, Mr. Chen served as a senior financial advisor of Qianhai Meijiao (Shenzhen) Consulting Management Co. Ltd. Mr. Chen obtained his M.B. A degree from Campbellsville University, Kentucky, in 2007, and obtained his Bachelor degree in accounting from Nanjing Tech University, China, in 2006. On September 30, 2022, upon the appointment of Mr. Chen as director, Mr. Yu Yam, Anthony, Chau, Chief Executive Officer, Chief Financial Officer, director and Chairman of the Board of Directors resigned from all his positions with the Company and the resignation became effective on September 30, 2022.

As the result of Mr. Yu Yam, Anthony, Chau's resignation, Mr. Chen became Chief Executive Officer, Chief Financial Officer and Chairman of the Board of Directors.