The board of directors of China Boqi Environmental (Holding) Co., Ltd. has resolved to appoint Mr. Zeng Zhijun ("Mr. Zeng"), who is currently an executive Director and the chief executive officer (the "CEO") of the Company and the vice chairman of the Board (the "Vice Chairman") as the chairman of the Board (the "Chairman") and the chairman of the nomination committee of the Company in place of Mr. Cheng Liquan Richard ("Mr. Cheng") with effect from 29 March 2021. Mr. Zeng has ceased to be the Vice Chairman of the Board upon his appointment as the Chairman with effect from 29 March 2021. Mr. Cheng will continue to be an executive Director of the Company. Upon the appointment of Mr. Zeng as the Chairman, Mr. Zeng will assume the dual roles of the Chairman and the CEO, which constitutes a deviation from code provision A.2.1 of the Corporate Governance Code (the "CG Code") as set in Appendix 14 to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the "Listing Rule"). With extensive experience in the environmental protection industry, Mr. Zeng is responsible for the overall management, decision-making and strategy planning of our Company and has been instrumental to Group's growth and business expansion. Mr. Zeng, aged 50, is currently the Chairman, an executive Director, the CEO, the chairman of the nomination committee and a member of the remuneration committee of the Company. Mr. Zeng was the Vice Chairman prior to his appointment as the Chairman. Mr. Zeng has been responsible for the overall management and operation of the Group. Mr. Zeng was appointed to the Board on 30 January 2015. Mr. Zeng currently serves as the chairman and the general manager of Beijing Boqi Electric Power SCI-TECH Co., Ltd.