Suoxinda Holdings Limited announced that, due to the redesignation of duties in the Group, with effect from 18 July 2023: Dr. Wu Fu-Shea has resigned as the chairman of the Board and he remains to act as a non-executive Director; and Mr. Shi Banchao has resigned as the chief executive officer of the Company and he remains to act as an executive Director. The Board announced that, with effect from 18 July 2023: Mr. Xue Shouguang has been appointed as an executive Director, the Chairman and the Chief Executive Officer. Mr. Xue Shouguang, aged 52, obtained a certificate of completion of the Training Class for chairman of Leading Enterprises and Groups from the Graduate School at Shenzhen, Tsinghua University in October 2014, and a certificate of senior management education from Cheung Kong Graduate School of Business in March 2018, majoring in executive management.

Mr. Xue is experienced in investing in industries such as artificial intelligence, mining and energy, automobile, new materials and hardcore technology. He had assisted a number of listed companies with their capital and resource injection. Prior to joining the Group, he founded the Jinjiang City Qingyang Qingshan Coffee Shop in 2004 and subsequently developed it into Qingshan Coffee chain enterprise, and has been the chairman of Polish Green Holdings Limited since January 2008.

Mr. Xue is an Economic Person of China Enterprise for the year 2020 and currently serves as the standing vice chairman of the Entrepreneurs' Club of the Chinese Entrepreneur Commerce Club and the honorary chairman of the Beijing Fuzhou Enterprise Chamber of Commerce.