The board of directors of Green Economy Development Limited announced that Dr. Zhu Dashu has tendered his resignation as an executive Director of the Company with effect from 10 November 2023 due to his other business engagements which require more of his attention and dedication. The Board would also like to announce that, with effect from 10 November 2023, Mr. Tang Hongyang has been appointed as an executive Director. Mr. Tang, aged 61, obtained his undergraduate degree in metal corrosion and protection engineering at the Chemistry and Chemical Engineering Department from Hunan University () in July 1982.

Mr. Tang has more than 20 years' experience in banking, risk management and asset management. Mr. Tang worked as various senior positions at headquarter and different branches, including its Hong Kong branch, of China Minsheng Banking Corp. Ltd. from September 1997 to December 2021.

Prior to joining the Company, he worked at WallStone Partners & Company Limited and was assigned to work at China Minsheng Banking Corp. Ltd., Hong Kong Branch as Special Assets Management Consultant from January 2022 to September 2023.