The board of directors of Grand Ocean Advanced Resources Company Limited announced that, with effect from 15 February 2023, Mr. Hu Xiutong has been appointed as a non-executive Director of the Company. Mr. Hu, aged 35, graduated from the South China Normal University in the People's Republic of China (the PRC) in January 2023 through online education with a major in finance. Prior to joining the Company, he took positions as an investment fund sales manager in two fund management companies in the PRC from July 2017 to January 2019 and from March 2020 to May 2022, respectively.

Furthermore, he has been serving as the Vice President of the Wenzhou Enterprises Chamber of Commerce in Beijing since November 2019.