The board of directors of Shougang Century Holdings Limited announced that Mr. Ye Qian ("Mr. Ye") will resign as an executive Director with effect from 1 August 2023 due to his other engagements. The Board also announced that Mr. Zhang Dan ("Mr. Zhang") will be appointed as an executive Director with effect from 1 August 2023. Mr. Zhang, aged 40, holds a Master degree in Business Administration from The University of California, Los Angeles and a Bachelor degree in Economics from Beijing University of Technology.

Mr. Zhang is also a responsible officer recognised by the Securities and Futures Commission of Hong Kong for engaging in the Type 1 (dealing in securities), Type 4 (advising on securities) and Type 6 (advising on corporate finance) regulated activities. In January 2023, Mr. Zhang joined Beijing Shougang Fund Co. Ltd. ("Shougang Fund").

He currently serves as a general manager of the merger and acquisition department of Shougang Fund and a deputy general manager of Jingxi Holdings Limited ("Jingxi Holdings"). Prior to joining Shougang Fund, he was the co-head of general industrials and merger and acquisition of investment banking department of Huatai International Financial Holdings Company Limited and had completed numerous merger and acquisition as well as initial public offering and refinancing projects. He was also a director of the investment banking department of GF Capital (Hong Kong) Limited.

In all, Mr. Zhang has over 15 years of extensive experience in Hong Kong capital market.