Dongjiang Environmental Company Limited's Board announced that Mr. Yu has tendered his resignation as the chief executive officer of the company due to his work arrangements with effect from the date on which his resignation letter was delivered to the Board (that is 16 January 2024). Upon his resignation, Mr. Yu will no longer hold any position in the company. The Board hereby announced that Mr. Li has been appointed as the chief executive officer of the company with effect from 16 January 2024.

His term of office shall commence from the date of this announcement and end upon the expiry of the Seventh Session of the Board. Li Xiangli, male, aged 42, born in November 1981, is a member of the Communist Party of China, holds a master's degree in engineering, and is a senior political engineer, a senior human resources specialist and an economist. He served as the deputy director of the Party Public Affairs and Human Resources Department and general manager of the Party and Human Resources Department of Rising Nonferrous Metals Share Co., Limited company listed on the Shanghai Stock Exchange, stock code: 600259), secretary of the party branch, executive director and general manager of Dabu Guangdong Rising Rare-Earth Mining Company Limited (currently known as Dabu County Xinchengji Industry and Trade Company Limited, general manager of Pingyuan Huaqi Rare Earth Industrial Company Limited, and deputy director of human resources department and director of human resources department (party committee organization department) of Guangdong Rising Holdings Group.