IDG Energy Investment Limited announced that with effect from 13 May 2022 Mr. Wang Jingbo ceased to be the Chief Executive Officer but remains as an executive Director and Chairman of the Company; and Dr. Liu Erzhuang has been appointed as the Chief Executive Officer. Dr. Liu, aged 58, a Singapore national, who joined the Company in June 2021 as Executive Vice President and was subsequently appointed as the President on 1 December 2021.