The board of directors of Tonking New Energy Group Holdings Limited announced that Mr. Shen Fuxin has been appointed as an independent non-executive Director, member of each of the audit committee and the remuneration committee of the Company with effect from 30 June 2023. Mr. Shen, aged 59, possesses extensive experience in the renewable energy industry. He has been an independent director of Jiangsu Tongrun Equipment Technology Co.

Ltd., a company whose shares are listed on the Shenzhen Stock Exchange since 5 June 2023. He has also been a supervisor of Shaya Jingneng Photovoltaic Technology Co. Ltd. since September 2021, a supervisor of Shaya Jingkun New Energy Co.

Ltd. since September 2021, a supervisor of Xinjiang Jiaya Green Electricity Energy Investment Co. Ltd. since August 2021, and a supervisor of Zhejiang Jingkun Green Electricity New Energy Co. Ltd. since August 2021.

He has been the secretary general of Jiaxing Photovoltaic Industry Association since August 2014, and the secretary general of Zhejiang Solar Photovoltaic Industry Association since April 2008. Mr. Shen was an independent director of Zhejiang Energy PV Technology Co. Ltd., a company whose shares are listed on the Beijing Stock Exchange, from November 2017 to 5 June 2023.

He was also an independent director of Zhejiang Sunflower Luminous Energy Technology Co. Ltd., a company whose shares are listed on the Shenzhen Stock Exchange, from June 2015 to August 2021, and an independent director of Zhejiang Fortune Energy Co. Ltd., a company whose shares were listed on The National Equities Exchange And Quotations in the People's Republic of China, from February 2016 to January 2021.

The Board further announced that Ms. Wang Xiaoxiong executive Director, has been appointed as the chairman of the audit committee of the Company with effect from 30 June 2023. Ms. Wang, aged 63, was appointed as an independent non-executive Director on 5 February 2016. Ms. Wang obtained a postgraduate diploma in accounting from Hangzhou Dianzi University.

She obtained a diploma in legal studies from Zhejiang Radio & Television University Jiangshan Branch. Ms. Wang has extensive experience in auditing, financial reporting and accounting. Ms. Wang has been a certified tax agent of the Certified Tax Agent Management Centre of Zhejiang since 2003 and an internal auditor of the Professional Credentials for Internal Auditors since 2004.

Moreover, she was granted the title of senior accountant by the Commission of Personnel of Zhejiang in 2004 and qualified as a certified accountant of the Chinese Institute of Certified Public Accountants in 2008.