The board of directors of New Universe Environmental Group Limited announced that XI Man Shan Erica has been re-designated from an executive Director to a non-executive Director; and has tendered her resignation as a member of the executive committee of the Board with effect from 30 June 2022 due to her other commitments which call for more of her time and dedication. XI, aged 27, was appointed as an executive Director and a member of the Executive Committee on 1 October 2020. XI obtained a Bachelor of Laws degree from the University of Bristol, United Kingdom in June 2017, and a Graduate Diploma in Law from University of Law, United Kingdom in July 2020.

The Board announced that ZHENG Zhen has tendered his resignation as an executive Director and a member of the Executive Committee with effect from 30 June 2022 in order to devote more time for his other business commitments. The Board announced that JIANG Qian has been appointed as an executive Director and a member of the Executive Committee with effect from 30 June 2022. JIANG, aged 33, obtained a Bachelor's degree in Economics from Xi'an University of Finance and Economics, China in June 2009, and a Master's degree in Finance from Fudan University, China in June 2012.

JIANG obtained a Chartered Financial Analyst qualification from the CFA Institute in May 2017, a fund practitioner qualification from the Asset Management Association of China in June 2017, and a Chinese legal professional qualification in April 2022. From July 2012 to September 2015, JIANG served as the senior investment manager of the investment banking department II of Hwabao Trust Co. Ltd. From September 2015 to January 2020, JIANG acted as the investment director of the special investment department of CMIG Capital Management Co.

Ltd. JIANG is an executive director and a general manager of Zhongmin Chuangfu Investment Management Co. Ltd. since January 2020, and is an executive director of the investments and mergers and acquisitions department of CMIG Asia Asset Management Co. Ltd. since January 2021.

JIANG is also a non-executive director of Yida China Holdings Limited, since February 2022, and a supervisor of Shanghai DoBe Cultural & Creative Industry Development Group Co. Ltd., since March 2021.