Effective June 26, 2018, Yulong Eco-Materials, Limited. reported the resignations of Yulong Zhu from the positions of President, Chief Executive Officer, Secretary and Director, and the Chief Financial Officer, Shuai Wang. Both resignations are not the result of any disagreements with the Company.

Additionally, the company announced the appointment of Mr. Hoi Ming Chan to the position of President, Chief Operating Officer, Secretary and Director. Mr. Chan is an advocate of new environmental protection energy technology, research, and work on commercial applications in China in order to establish a new energy research, development and manufacturing base within the country beginning with a project in co-operation with Dalian Xinbao Biomass Co Ltd. From August 2017 to present, Mr. Chan was appointed CEO of Image International Group Inc.