The board of directors of Grand Ocean Advanced Resources Company Limited announced that with effect from 30 November 2023, Mr. Leung Ka Hong (Mr. Leung) has resigned as an executive director, and the joint company secretary of the company, and ceased to act as a member of the nomination committee of the company (the nomination committee) and remuneration committee of the company (the remuneration committee) as he intended to devote more time to his personal and business commitments. Following the resignation of Mr. Leung, another joint company secretary of the company, Ms. Cheng On Yi, will remain in office and act as the sole company secretary of the company. The board announced that Mr. Jiang Xin (Mr. Jiang) has been appointed as an executive director of the company with effect from 30 November 2023.

Mr. Jiang, aged 41, graduated from the China University of Geosciences with a bachelor's degree in Geochemistry in July 2007 and a master's degree in Geological Engineering in December 2020. Mr. Jiang is a qualified geological engineer in the People's Republic of China (the PRC) since September 2014 and he has over 15 years working experience in research, investment and management of the mineral exploitation industry focused on the mineral market in various jurisdictions. From April 2012 to December 2016, Mr. Jiang worked as an engineer of China Kingho Energy Group Co.

Ltd. for the mineral projects in the Republic of Sierra Leone. From December 2016 to December 2018, Mr. Jiang worked at Tunghsu Group Co. Ltd. as an investment director for the new energy investment center, which was principally engaged in the study and negotiation on the acquisition of mineral products and resources in relation to lithium, cobalt and nickel.

From December 2018 to December 2019, Mr. Jiang worked as an investment director principally focused on the investment management of Kunming Shining Star Group Industry Co. Ltd. From January 2020 up to the present, Mr. Jiang is acting as an independent consultant providing advice on investment projects for various mineral enterprises in the PRC. The board further announced that Mr. Jiang has been appointed as a member of the nomination committee and the remuneration committee with effect from 30 November 2023.