The board of directors of Yankuang Energy Group Company Limited announced that, on 24 August 2022, the Board received the resignation report from Mr. Wang Ruolin, the director of the Board. Due to adjustment in work arrangements, Mr. Wang Ruolin ceased to act as the Director and member of the Audit Committee under the Board. Pursuant to relevant requirements of the Company Law of People's Republic of China and the articles
of association of the Company, the resignation of Mr. Wang Ruolin does not lead to failure of the Board to form a quorum or affect the normal operation of the Board. The resignation report of Mr. Wang Ruolin took effect on the date when it was delivered to the Board.