Antelope Enterprise Holdings Limited announced that on February 24, 2023, its Board of Directors appointed Mr. Weilai 'Will' Zhang, the Chief Executive Officer of the Company, as the Chairman of the Company's Board of Directors. Will Zhang joined the management team of the Company on January 5, 2023 and brings extensive entrepreneurial, venture capital and investment management experience to his new role. From 2011 to 2020, he was the Chairman of Huitong Tianxia Investment Ltd., an investment company.

Since 2020, Mr. Zhang has acted as Chairman of Jinke Yulv Technology Ltd. Mr. Zhang obtained a Diploma in Capital and M&A Entrepreneurship from Fudan University in 2021, and a Diploma in Finance and Capital Investment from Southwest University in Finance and Economics in 2014. Also, on February 24, 2023, Ms. Meishuang Huang, Chairperson of the Board, tendered her resignation. Ms. Huang's resignation was for personal reasons and not due to any disagreements with the Company or its management.