On November 27, 2025, China Carbon Neutral Development Group Limited (the “Company”) announced several Board changes. The Co-Chairman, Mr. Chen Yonglan, is redesignated as Chairman, while Co-Chairman and Executive Director, Mr. Zhong Guoxing, is now Deputy Chairman and Non-Executive Director. Additionally, Mr. Zhang Xiaodong has been appointed as an Executive Director and Vice President.

Meanwhile, an alternate Director to a Non-Executive Director, the Honourable Chairman, and Chairman of the nomination committee, Mr. Wang Guangzu, resigned due to personal career arrangements. He will be succeeded by Mr. Chen Lui, who assumes the position of alternate Director to the same Non-Executive Director and nomination committee role.

Biographical details of the newly designated or appointed directors include extensive backgrounds spanning finance, investment, new energy, and cross-border transactions. Each director's monthly remuneration has been set at HKD 20,000. All appointments and redesignations became effective on November 27, 2025.

The Company also confirmed that, effective December 1, 2025, all directors (executive, non-executive, and independent non-executive) will receive a monthly remuneration of HKD 20,000. The Board expressed gratitude to the outgoing alternate Director, Mr. Wang, for his service, and extended a welcome to Mr. Zhang and Mr. Chen Lui in their new roles.