The board of directors of Glory Flame Holdings Limited announced that Mr. Liu Yingjie has resigned as the executive Director, the chairman of the Board, the compliance officer and an authorized representative of the Company, all with effect from 22 March 2024, due to his need to devote more time for his personal and other business commitments. Mr. Zhong, aged 37, has been appointed as an executive Director and an authorised representative of the Company with effect from 22 March 2024. Mr. Zhong has over 10 years of experience working in business consulting services and investment advisory.

He was a general manager of Investor Relations Department of HF Financial Group (China) Limited from September 2013 to October 2018. He was an executive director of Yingdali Management Consulting (Shenzhen) Co. Ltd. and Yingdali Culture Communication (Shenzhen) Co.

Ltd. from November 2018 to December 2022. Mr. Zhong holds a diploma of Business and Enterprise Management from The Open University of China.