Triumph New Energy Company Limited announced that on 22 December 2023, the board of directors of the Company received the written resignation from independent non-executive Director, Mr. Zhao Hulin. Pursuant to the relevant provisions of the Administrative Measures for Independent Directors of Listed Companies issued by the China Securities Regulatory Commission on 1 August 2023, an independent director shall, in principle, serve as an independent director in a maximum of three listed companies within the PRC. As Mr. Zhao Hulin currently serves as an independent director in more than three listed companies in the PRC, Mr. Zhao Hulin has tendered his resignation as the independent non-executive Director of the tenth session of the Board, a member of the Audit (or Review) Committee and a chairman of the Remuneration and Appraisal Committee of the Company.

Mr. Zhao Hulin ceased to hold any position in the Company upon his resignation. As the resignation of Mr. Zhao Hulin will result in the number of independent non- executive Directors of the Company falling below one-third of the total number of members of the Board, the resignation of Mr. Zhao Hulin shall take effect upon the vacancy is filled by a succeeding independent non-executive Director in accordance with the requirements of the relevant laws and regulations as well as the articles of association of the Company. Prior to that, Mr. Zhao Hulin will continue to perform his duties as an independent non-executive Director and the members of the Board committees in accordance with relevant laws and regulations.

The Company will complete the election of succeeding independent non-executive Director and members of the Board committees as soon as practicable and perform its obligations of information disclosure in a timely manner in accordance with the relevant laws and regulations as well as the articles of association of the Company.