Xinyi Solar Holdings Limited (the Company, together with its subsidiaries, the Group) announced that Mr. CHEN Xi (Mr. CHEN), an executive Director, will retire from the executive directorship effective from the conclusion of the forthcoming annual general meeting (the AGM) of the Company. Mr. CHU Charn Fai (Mr. CHU), the Financial Controller and the Company Secretary of the Company, will be nominated to be appointed as an executive Director at the AGM. RETIREMENT OF MR. CHEN Mr. CHEN will retire as an executive Director effective from the conclusion of the AGM which is expected to be held on 2 June 2023.

Mr. CHEN has been working for the Group and previously for Xinyi Glass Holdings Limited (stock code: 868) for an aggregate of about 20 years. Mr. CHEN's retirement is consistent with the human resources policy of the Group. Mr. CHEN has confirmed that he has no disagreement with the Board and that there are no other matters relating to his retirement that need to be brought to the attention of the shareholders (the Shareholders) of the Company and The Stock Exchange of Hong Kong Limited (the Stock Exchange).

The Board would like to express its sincere gratitude to Mr. CHEN for his outstanding contribution to the Company during his tenure of service.