Qingdao Holdings International Limited announced that Mr. Yuan Zhi has resigned as chief executive officer of the Company. Mr. Wang Yimei appointed as Chief Executive Officer of the company, with effect from 6 January 2023. Mr. Wang, aged 43, is currently a deputy general manager of QCIIDG and the chairman of China Qingdao Development (Holdings) Group Company Limited.

He is also a director of China Qingdao International (Holdings) Company Limited. Mr. Wang has been working in the fields of corporate management, securities and investment and has accumulated substantial practical experience. Mr. Wang was an executive Director from 26 November 2015 to 27 March 2020.

Mr. Wang obtained a master's degree in business administration from (the Ocean University of China). Mr. Wang has entered into a service agreement with the Company for a term of three years commencing from 6 January 2023 and is subject to retirement by rotation and re-election in accordance with the Company's bye-laws, the Listing Rules and any applicable laws.