The board (the "Board") of directors (the "Directors") of Zhejiang Tengy Environmental Technology Co. Ltd. (the "Company") proposed to change the registered address of the Company in the People 's Republic of China (the "PRC") from "Yangfu Village, Toupai Town, Zhuji City" to "No. 15, Chuangxin South Road, Jinchuan Street, Changshan County, Quzhou City, Zhejiang Province" for the Group's business development needs (the "Proposed Change of Registered Address").

The Proposed Change of Registered Address is subject to the approval of the shareholders (the "Shareholders") of the Company by way of an ordinary resolution at the extraordinary general meeting of the Company to be held on 22 August 2022 (the "EGM") and the approval of, and registration or filing with, the relevant competent authorities in the PRC.