Effective December 7, 2018, Yulong Eco-Materials, Limited. reported the departure of Ms. Junfeng Ma, Ms. Yang Li, Mr. Qingsheng Liu, Mr. Hoi Ming Chan, Mr. Wenge Du, Ms. Qiang Liu from their positions as directors. Their names were not submitted for re-election at the Annual General Meeting held on December 3, 2018.

Additionally, the company reports the departure of Hoi Ming Chan from the position of Chief Executive Officer and the departure of Jason Shun Yiu Chan from the position of Chief Financial officer. Neither Hoi Ming Chan's nor Jason Shun Yiu Chan's name was submitted for re-election at the Annual General Meeting held on December 3, 2018. Daniel S. Mckinney was appointed to serve as a director of the Company until the next annual meeting of the Company or until his successor is duly elected and appointed.

Additionally, Daniel Mckinney was appointed to serve as Chairman of the Board of Directors and to serve as the Company's Chief Executive Officer until the next annual meeting of the Company or until his successor is duly elected and appointed. William Bossung was appointed to serve as an independent director of the Company until the next annual meeting of the Company or until his successor is duly elected and appointed. Additionally, William Bossung was appointed to serve as Chairman of the Company's Audit Committee and to serve as an independent director on the Company's Nominating Committee and the Company's Compensation Committee until the next annual meeting of the Company or until his successor is duly elected and appointed.

Jeffrey Bergman was appointed to serve as an independent director of the Company until the next annual meeting of the Company or until his successor is duly elected and appointed. Additionally, Jeffrey Bergman was appointed to serve as Chairman of the Company's Nominating Committee and to serve as an independent director on the Company's Audit Committee and the Company's Compensation Committee until the next annual meeting of the Company or until his successor is duly elected and appointed. Norman Macasaet was appointed to serve as an independent director of the Company until the next annual meeting of the Company or until his successor is duly elected and appointed.

Additionally, Norman Macasaet was appointed to serve as Chairman of the company's Compensation Committee and to serve as an independent director on the Company's Audit Committee and the Company's Nominating Committee until the next annual meeting of the company or until his successor is duly elected and appointed. Edward Low was appointed to serve as the Chief Financial Officer of the Company until the next annual meeting of the Company or until his successor is duly elected and appointed. Edward Low has provided accounting services to public companies for the past 20 years and has been the CFO for several companies traded on the TSX Venture Exchange and OTC Markets QB board.

Previously, Mr. Low was the Controller for Nevada Geothermal Power Inc.