On September 7, 2021, Board of Directors of Kreido Biofuels, Inc. accept the resignation of Wai Lim Wong, the current director. On September 7, 2021, the Company appointed CHAN Kwok Wai Davy as a new member of the Board of Directors. Since 2012, CHAN Kwok Wai Davy established the Evergreen Group for soliciting China enterprises or high-worth investors to invest in Hong Kong securities markets and or China business projects.