The board of directors of Grand Pharmaceutical Group Limited announced that Mr. Yang Guang has been appointed as an executive director of the Company with effect from 30 June 2023. Mr. Yang Guang, aged 47, has over 20 years experience in business development. He has been the general manager of the investment management headquarters (formerly known as investment development headquarters) of China Grand Enterprises Incorporation (a substantial shareholder of the Company) since 2019.

Mr. Yang obtained his bachelor degree in pharmaceutical preparations from the China Pharmaceutical University in 1996. He also obtained a master degree in bio-pharmacy engineering from the Tianjin University in 2007, and a master degree of business administration from the China Europe International Business School in 2013.