The Board of China Carbon Neutral Development Group Limited further announced that Mr. Chen Xinwei (Mr. Chen) has resigned as the Chief Executive Officer of the company with effect from 2 October 2023. The company is currently in the course of identifying a suitable candidate to be appointed to the role of Chief Executive Officer of the company and further announcement will be made as and when appropriate. Mr. Sha Tao, an executive Director and the chairman of the company, will take up the responsibilities of Mr. Chen and lead the company during this transitional period.