GCL New Energy (451) Announces Board Reshuffle and Web 3.0 Business Exploration

GCL New Energy Holdings Limited (stock code: 451) has announced a series of board and management changes effective 2 November 2025, alongside plans to explore new investment opportunities in cryptocurrencies and Web 3.0-related ventures.

The Risk Assessment Committee is now chaired by Executive Director and Board Chairman, Mr. Zhu Gongshan, replacing Executive Director and Vice Chairman, Mr. Zhu Yufeng, who remains a committee member. Meanwhile, Mr. Huang Wei has joined as an Executive Director, President, and a member of multiple committees, including Risk Assessment and Corporate Governance.

Several independent non-executive directors have been appointed: • Mr. Nie Wenhua, who serves as Lead Independent Non-Executive Director and Chair of both the Audit and Remuneration Committees. • Mr. Hu Guowen, who joins the Audit, Remuneration, and Nomination Committees. • Ms. Zhao Limei, who will sit on the Audit, Nomination, and Corporate Governance Committees.

Concurrently, some board members and senior management have resigned or ceased certain roles. Executive Directors Wang Dong and Gu Zengcai have stepped down, while Independent Non-Executive Directors including Mr. Lee Conway Kong Wai and Dr. Chen Ying have resigned after lengthy service. There are also adjustments in non-executive directorship responsibilities, though relevant individuals continue to serve on the board in alternative capacities.

In a separate development, GCL New Energy indicates its intention to tap into cryptocurrency and Web 3.0 business opportunities. The company notes an increasing global interest in digital assets, aiming to position itself in this emerging sphere by prioritizing potential research, development, and investment in relevant projects. As of now, no definitive investment plan has been formalized, and official announcements will be made should any concrete decisions occur.

Shareholders and potential investors are advised to review future disclosures from GCL New Energy for material updates or agreements relating to these new initiatives.