China Singyes New Materials Holdings Limited announced that Mr. Zhang Chao resigned as the Chairman of the Board (the "Chairman"), an authorised representative of the Company ("Authorised Representative") under Rule 5.24 of the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules"), the compliance officer appointed under Rule 5.19 of the GEM Listing Rules (the "Compliance Officer") and the Chairman of the nomination committee of the Board (the "Nomination Committee") due to his other business commitments with effect from 13 July 2023. Mr. Zhang Chao will remain as an executive Director. The Board announces that Mr. Du Peng ("Mr. Du") has been appointed as the Chairman, an Authorised Representative, the Compliance Officer and the Chairman of the Nomination Committee with effect from 13 July 2023.

Mr. DU Peng, aged 40, was appointed as an executive Director on 25 January 2021, He has also been the vice president of the Group since December 2020. He is primarily responsible for overall operation and management of Zhuhai Singyes New Materials Company Limited, an indirect wholly-owned subsidiary of the Company. Mr. Du served as a deputy general manager of the operation department of Zhuhai Huajin Capital Co., Ltd, a company the shares of which are listed on the Shenzhen Stock Exchange (stock code: 000532), from September 2018 to November 2020; and the chief financial officer and secretary to the board of directors of Zhuhai Higrand Technology Co.

Ltd., a company listed in National Equities Exchange and Quotations in China, from April 2015 to August 2018. From July 2007 to April 2015, he served as an accounting supervisor, a financial manager and the secretary to the board of directors of Zhuhai Lihe Environmental Engineering Co. Ltd.