On October 17, Grlorer released an announcement that Yang Zhengdao has resigned as the company's executive director and CEO to pursue other personal career development goals, effective from October 17, 2024, and will no longer serve as a member of the board of directors' remuneration and appraisal committee.

On October 17, 2024, at the company's board meeting, Fu Yingbo was nominated as the company's executive director and appointed as the CEO. It is proposed that the appointment of directors be submitted to the extraordinary general meeting for shareholder approval in the form of an ordinary resolution. Upon approval of the appointment of directors by the shareholders, Mr. Fu will also serve as a member of the board of directors' remuneration and appraisal committee. The proposed term of office for the appointed directors will be from the date of approval by the extraordinary general meeting until the expiration of this term of the board of directors.