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GCL NEWENERGY Appoints President to Explore Cryptocurrencies, Web 3.0 Investment Opportunities
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Wang Dong has resigned as an executive Director and President due to other business commitments with effect from 2 November, as announced by GCL NEWENERGY (00451.HK). From the same date, Huang Wei has been appointed as an executive Director and President of the Company.

The Company announced its intention to actively explore and pursue potential investment opportunities and undertake research and development within the cryptocurrencies, Web 3.0 and related industry.

The Company observed increasing popularity of cryptocurrencies in the commercial world, with inclusion of cryptocurrencies in investment portfolios. It believed that cryptocurrencies retain a certain potential for appreciation as they are a dependable tool of value in general.
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