The board of directors of New Universe Environmental Group Limited announced that Mr. SONG, currently an executive Director and a Chief Executive Officer has resigned as the CEO of the Company with effect from 16 October 2018. The Board also announced that Mr. XI YU, currently a Chairman and an executive Director, has been appointed as the CEO of the Company with effect from 16 October 2018. Mr. XI was the executive Director from 7 June 2002 to 18 August 2014, and was the Chairman of the Board, compliance officer and authorized representative of the Company from 9 December 2004 to 18 August 2014. He was a consultant to the Group from 22 August 2014 to 31 March 2016.