The board of directors of Grand Ocean Advanced Resources Company Limited announced that Ms. Yang Mo, whose former name was Yang Hongyan has been appointed as an executive director of the Company with effect from 5 April 2024. The biographical details of Ms. Yang, aged 47, graduated from the Southwest University of Political Science and Law with a bachelor's degree in Law in July 1996 and a master's degree in Law (Economic Law) from Wuhan University in December 2005. She has been awarded the Legal Professional Qualification Certificate and the Registered Qualification Certificate for Enterprise Legal Adviser issued by the Ministry of Justice of the People's Republic of China in 1999 and 2001, respectively.

She has also been awarded the Securities Industry Qualification issued by the Securities Association of China since 2004. Ms. Yang has been a Registered Financial Planner of the Society of Registered Financial Planners Limited since October 2004. Ms. Yang has over 20 years of experience in legal compliance, corporate investment and financing and business operation management.

She served as the legal counsel, business executive and sub-branch manager of the Shenzhen Branch of China Construction Bank from July 1996 to October 2005. She then worked as the vice-president of Shenzhen City Longhao Tiandi Company Limited from October 2005 to January 2011. From January 2011 to July 2017, she held the position of general manager at Shenzhen City Yima Cultural Communication Company Limited.

From August 2017 to November 2019, she served as the deputy general manager for Shenzhen Youboshi Technology Company Limited. Since December 2022, Ms. Yang has been serving as the general manager of Shenzhen Chenluo Creative Cultural Development Company Limited up to the present. Ms. Yang has entered into a service agreement with the Company pursuant to which she agreed to act as an executive director for a term of three years commencing from 5 April 2024 and is subject to rotation on retirement and re-election requirements at annual general meetings pursuant to the articles of association of the Company.

The Board also announced that Mr. Hu Xiutong has resigned as a non-executive Director of the Company with effect from 5 April 2024 as he intended to devote more time to his personal and business commitments.