On December 24, 2014, the Board of Directors of Grand China Energy Group Limited appointed Mr. Sheng Liu, Mr. Peide Wang and Mr. Changwei Zhao to fill vacancies on the Board, to serve until the next annual meeting of shareholders. Mr. Sheng Liu currently serves as the chairman of Yulin City Puda Technology Co. Ltd. and the Vice Chairman for Yulin City Federation of industry and Commerce.

Mr. Peide Wang serves as the managing director for Beijing Shuntianying Management Co. Ltd. Mr. Wang has extensive experience in human resources management and strong government policy. Mr. Changwei Zhao worked as a senior cardiologist in Peking University People's Hospital until he joined Founder Group in 2006.

He established and managed the PKU Medical Group since 2006 until March 2014.