The Board of CGN New Energy Holdings Co., Ltd. announced that with effect from the conclusion of the Board meeting held on 22 January 2020, Mr. Zhang Zhiwu has been appointed as an executive Director. Mr. Zhang Zhiwu currently a senior vice president of the Company, was appointed as an executive Director on 22 January 2020. Mr. Zhang joined the Company as a senior vice president in December 2019. Prior to joining the Company, Mr. Zhang worked in the Salary and Welfare Department of the Ministry of Personnel from June 1995 to October 1998. The Board also announced that with effect from the conclusion of the Board meeting held on 22 January 2020, Mr. Yao Wei has resigned as a non-executive Director, the chairman of the IRM Committee and a member of the Audit Committee due to his other job arrangement. The Board further announced that following the resignation of Mr. Yao Wei, Mr. Xing Ping, a non-executive Director, has been appointed as the chairman of the IRM Committee and a member of the Audit Committee and Mr. Leung Chi Ching Frederick, an independent non-executive Director, has been appointed as a member of the IRM Committee, both with effect from the conclusion of the Board meeting held on 22 January 2020. Mr. Xing Ping is currently a member of the Remuneration Committee and the IRM Committee. Mr. Leung Chi Ching Frederick is currently the chairman of the Audit Committee.