China New Energy Limited at its annual General Meeting held on 16 December 2022, announces that as the resolution no. 3(e) in relation to the re-election of Mr. Chan Siu Shan Sam was not passed by the Shareholders at the AGM, Mr. Chan retired as an independent non-executive Director at the conclusion of the AGM. Following his retirement, Mr. Chan also ceased to be the chairman and a member of the audit committee and a member of the risk management committee of the Company.