The Board of directors of Global Sweeteners Holdings Limited announced that after the posting of the Composite Document on 27 December 2023 and with effect from 28 December 2023, each of Mr. Wang Tieguang and Mr. Kong Zhanpeng has been appointed as an executive Director. Mr. Wang, aged 58, has over 30 years of extensive experience in sales and marketing. Mr. Wang holds a bachelor's degree in economics from Heilongjiang University.

Mr. Wang was an executive director of GBT from September 2000 to September 2010. Mr. Kong, aged 60, has over 30 years of extensive experience in industrial industry, corporate development and management. Mr. Kong holds a bachelor's degree in textile engineering and a diploma in international trade from China Textile University (currently known as Donghua University).

Mr. Kong is one of the founders of GBT. Mr. Kong was an executive director of GBT from May 2000 to September 2007 and from December 2013 to May 2014, the chief executive officer of GBT from October 2015 to October 2018 and the chief economist of GBT from December 2018 to December 2019. Mr. Kong was also an executive Director from June 2006 to December 2018.

Mr. Kong has been appointed as an independent non-executive director of JX Energy Ltd., since 1 August 2023. The Board further announced that, with effect from 28 December 2023, Mr. Wang Guicheng, an executive Director, has ceased to be the chairman of the Board, the chairman of the nomination committee of the Company and a member of each of the remuneration committee of the Company (the "Remuneration Committee") and corporate governance committee of the Company. Following the appointment of Mr. Wang and Mr. Kong as announced above, each of Mr. Wang and Mr. Kong has been appointed as the joint chairman of the Board, and Mr. Kong has been further appointed as the chairman of the Nomination Committee and a member of each of the Remuneration Committee and CG Committee, with effect from 28 December 2023.