The board of directors of China Shuifa Singyes Energy Holdings Limited announced that Mr. Zhang Jianyuan resigned as a non-executive Director with effect from 21 May 2021 due to an internal re-designation of duties within Shuifa Group Co. Ltd. The Board announced that, Ms. LI Li (Ms. Li) was appointed as a non-executive Director with effect from 21 May 2021. Ms. LI Li is a senior economist accredited by the Senior Board of Assessment of Economic Professionals of the Shandong Province and holds a qualification certificate of secretary to board of directors awarded by the Shanghai Stock Exchange. She is a senior manager of the finance department of Shuifa Group since January 2020. Before that, Ms. Li served as deputy manager and operating manager of the securities department, and securities affairs officer and officer of the office of the board of directors of Shandong Iron and Steel Company Ltd. from April 2012 to December 2019. Ms. Li has entered into a service agreement with the Company for a term of three years and which may be terminated by either the Company or Ms. Li by giving not less than one month's notice or otherwise in accordance with the terms of the service agreement. Ms. Li's term of appointment is subject to retirement by rotation and re-election at general meeting(s) requirements in accordance with the bye-laws of the Company and the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"). Pursuant to the service agreement, Ms. Li will not be entitled to director's remuneration since she is also employed by another subsidiary within Shuifa Group.