The Board of Directors of CGN New Energy Holdings Co., Ltd. announced that with effect from the conclusion of the Board meeting of the Company held on 24 March 2021: Mr. Xia Linquan has been appointed as a non-executive Director; Mr. Xing Ping has resigned as a non-executive Director, the chairman of the investment and risk management committee (the " IRM Committee "), a member of the audit committee (the " Audit Committee ") and a member of the remuneration committee (the " Remuneration Committee "); and Mr. Xia Linquan has been appointed as the chairman of the IRM Committee, a member of the Audit Committee and a member of the Remuneration Committee.