Mr. Neng Chen, the Chairman of the board of directors of Green Giant Inc., resigned from his positions as Chief Executive Officer, effective on March 12, 2023. Mr. Neng Chen's resignation is not as a result of any disagreement with the Company relating to its operations, policies or practices. Effective March 13, 2023, the Board appointed Mr. Yuhuai Luo as Chief Executive Officer, to fill the vacancy created by the resignation of Mr. Neng Chen.

Mr. Yuhuai Luo, has served as the vice president of Guizhou Tobacco Company since September 2016. From January 2009 to June 2016, Mr. Luo served as the vice president of Huaxin Energy Subsidiary Company. From September 1989 to March 2008, Mr. Luo served as the director of Guizhou Tobacco Company (Guiyang Branch).

Mr. Luo obtained his bachelor's degree from China Guizhou Agricultural University.