Green Tea Group Limited (the “Company,” stock code: 6831) announced that Mr. Zhang Li will cease to serve as Chief Financial Officer effective October 28, 2025, citing a work re-arrangement. According to the announcement, Mr. Zhang has expressed no disagreement with the board and noted no issues requiring the attention of shareholders.

Mr. Zhang will be succeeded by Mr. Shang Wei, who will assume the CFO position on October 28, 2025. Mr. Shang, aged 44, brings more than two decades of experience in finance and investment. Prior to joining the Company, he held finance and planning roles at Ping An Annuity Insurance Company of China, Ltd., and Shanghai Lujiazui International Financial Asset Exchange Co., Ltd. He also served in investment banking departments at Morgan Stanley Asia Limited and Merrill Lynch (Asia Pacific) Limited, and worked at the finance department of Shell (China) Limited in his early career. Mr. Shang holds bachelor’s degrees in Finance and E-commerce from Peking University and a master’s degree in Business Administration from The University of Chicago Booth School of Business.

The Company’s board expressed gratitude to Mr. Zhang for his service and extended a welcome to Mr. Shang in his new role.