Antelope Enterprise Holdings, which operates KylinCloud, announced that on February 24, 2023, its Board of Directors appointed Weilai ‘Will’ Zhang, the Chief Executive Officer of the Company, as the Chairman of the Company’s Board of Directors. Will Zhang joined the management team of the Company on January 5, 2023 and brings extensive entrepreneurial, venture capital and investment management experience to his new role. Since 2020, Zhang has acted as Chairman of Jinke Yulv Technology Ltd., an internet technology firm in China. Also, on February 24, 2023, Meishuang Huang, Chairperson of the Board, tendered her resignation. Huang’s resignation was for personal reasons and not due to any disagreements with the Company or its management. In addition, the Company is announcing the results of its Special Meeting of Shareholders where the Company’s shareholders approved the proposals to sell its legacy ceramic tile business, amend the Company’s authorized share capital including the re-designation of ordinary shares to be Class A ordinary shares and Class B ordinary shares, and file an amended and restated memorandum and articles of association.
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