China Ruifeng Renewable Energy Holdings Limited announced that Mr. Yuan Wanyong has been appointed as an executive Director and chairman of the Board of the Company with effect from 8 June 2023. graduated from Hebei University of Architecture with a bachelor's degree in the Department of Mechanical and Electrical Engineering. Mr. Yuan is a senior engineer and a member of the Communist Party of the PRC.

Mr. Yuan started his own business after graduation and established a company in the PRC, namely Ever Bright Real Estate. Mr. Yuan currently holds an 80% equity interest in Ever Bright Real Estate, which is a multinational company with its headquarter in the PRC. The principal businesses of its subsidiaries include property development, sports management, cultural tourism, trading and renewable energy.

Mr. Yuan is currently the chairman, general manager and legal representative of Ever Bright Real Estate and is the director, legal representative or senior management of subsidiaries of Ever Bright Real Estate.