The board of directors of Grand Ocean Advanced Resources Company Limited announced that with effect from 17 April 2024: Mr. Ho Man ("Mr. Ho") has resigned as an independent non-executive Director and a member of each of the audit committee, nomination committee and remuneration
committee of the Company in pursuit of his personal career development; and Mr. Li Juhui ("Mr. Li") has been appointed as an independent non-executive Director and a member of each of the audit committee, nomination committee and remuneration committee of the Company. Mr. Li, aged 44, holds a bachelor's degree in International Economics and Trade from Zhengzhou University, a master's degree in Business Administration from Shanghai Jiao Tong University and a degree of Doctor of Business Administration in Global Financial Management from Arizona State University. Mr. Li has more than 10 years' experience in the finance industry. He worked for LC Securities Co. Ltd. for seven years, during which he was the head of the asset management headquarter, the chairman of the project review committee and a member of project determination committee under non-standardised assets management business, and a member of the assets management business committee. He was the head of trust business department of the Shanghai regional center of Everbright Xinglong Trust Co. Ltd. for two years. He worked for Anyang Investment Group Co., Ltd, a local government financing vehicle entity, for three years.