Planet Green Holdings Corp. at the annual meeting held on September 26, 2018 announced that Hongxiang Yu was elected to serve as the chairman of the company's board of directors. As of September 26, 2018, Si Chen and Maoquan Wei are no longer members of the board.

On September 27, 2018, Si Chen resigned as the Company's Chief Executive Officer and President, and Yunqiang Sun resigned as the Company's Chief Financial Officer. On September 27, 2018, the Board appointed Hongxiang Yu to serve as the Chief Executive Officer and President of the Company and Yu Li as the Chief Financial Officer. Hongxiang Yu, has served as a director of the company since August 2016.

Since April 2016, Mr. Yu has also served as the Vice Chairman of Tianjin Dragon Film Limited.