The board of directors of China Carbon Neutral Development Group Limited announced that Dr. Guo Yike has tendered his resignation as an independent non-executive Director, the chairman of the remuneration committee of the Company, a member of each of the audit committee and nomination committee of the with effect from 24 July 2023, as he is unable to perform his duties as an independent non-executive Director due to his busy official duties as the Provost of the Hong Kong University of Science and Technology. Dr. Guo expressed his heartfelt gratitude to the Company and the Board. In addition, Dr. Guo expressed his sincere appreciation for the continued support and cooperation of the Board, and he sincerely hopes that the company will have a prosperous and flourishing development in the future.

The Board further announces that with effect from 24 July 2023: (1) Dr. Guo has ceased to be the chairman of the Remuneration Committee, a member of each of the Audit Committee and Nomination Committee; and (2) Dr. Li Qun, an independent non-executive Director, has been appointed as the chairman of the Remuneration Committee.