Effective November 22, 2021, Ms. Wang Panpan resigned as a member of the board of directors of Moxian (BVI) Inc. Ms. Wang’s resignation was for personal reasons. Effective November 30, 2021, the Board has appointed Mr. Zhan Chuan as a director of the Company. Zhan serves as the chairperson of the Compensation Committee of the Board. Mr. Zhan is a well-known investor in China, having successfully invested in a number of start-ups and public companies in the sectors of new technologies and renewable energies. Since 2014, he has been the Investment Director at Shenzhen Guojin Investment Co. Ltd. and the Founding Member of IFC Capital Limited. He was also previously a Visiting Professor of Economics at Nanjing University in China.