The board (the "Board") of directors (the "Directors") of China Boqi Environmental (Holding) Co., Ltd. (the "Company", together with its subsidiaries, the "Group") announced that, with effect from 24 March 2023, Mr. Cheng Liquan Richard ("Mr. Cheng"), has been re-designated from an executive Director to a non-executive Director (the "Redesignation"). Biographical details of Mr. Cheng: Mr. Cheng, aged 57, is a non-executive Director. Mr. Cheng has been appointed to the Board since 30 January 2015.

Mr. Cheng joined the Group serving as a director of Beijing Boqi on 15 June 2005. Mr. Cheng served as the chairman of the board of Beijing Boqi from December 2007 to December 2020 and served as its chief executive officer from December 2009 to February 2017. Mr. Cheng currently serves as the general manager of Zhejiang Boqi Electric Power SCI-TECH Co., Ltd.* and Anhui Nengda Fuel Co., Ltd*.

Prior to joining the Group, Mr. Cheng held various positions at Bit Technology Holding Co., Ltd*, a company that was principally engaged in the wholesale of spare parts for power plants, from April 2000 to March 2003, including deputy manager, general manager, the chairman of the board and a director. Mr. Cheng has been a director of Ningbo Bonded Area Jiujiu Leasing Co. Ltd.* (previously known as Ningbo Huaneng Leasing Co.

Ltd. from 2004 to 2007. Mr. Cheng graduated from Fudan University with a bachelor's degree in political economy in July 1987. From June 2010 to September 2014, Mr. Cheng served as a director of Wuhan Boch Jaco Environmental Co., Ltd* (National Equities Exchange and Quotations Stock Code: 831100).

From August 2011 to March 2017, Mr. Cheng was a director of Shanghai ZJ Bio-Tech Co., Ltd* (National Equities Exchange and Quotations Stock Code: 834839). Since 28 November 2019, Mr. Cheng has served as the chairman of the board of directors and an executive director of China Nature Energy Technology Holdings Limited (listed on the Main Board of The Stock Exchange of Hong Kong Limited, stock code: 1597). Save as disclosed above, Mr. Cheng did not hold directorships in any listed public companies in the last three years.

Mr. Cheng will enter into a new appointment letter with the Company for a term of three years commencing from 24 March 2023, subject to retirement by rotation and re-election pursuant to the articles of association of the Company. Upon the Redesignation, the director's fee of Mr. Cheng will be the same as the Company's other non-executive Directors, which was determined with reference to the Company's remuneration policy and recommendations by the remuneration committee to the Board.