China Carbon Neutral Development Group reported that Li Qun has resigned as an independent non-executive Director due to the requirement of his employer (Institute of Quantitative & Technological Economics, Chinese Academy of Social Sciences) that he cannot concurrently serve outside China, with effect from October 6, 2023. Dr. Li has confirmed that he has no disagreement with the Board, and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders of the Company or the Stock Exchange. The Board would like to express its gratitude to Dr. Li for his contribution to the Company during his terms of service.