China Titans Energy Technology Group Co., Limited announced that with effect from 30 May 2023, each of Mr. Liu Wei and Ms. Jiang Yan has been appointed as an independent non-executive Director. Mr. Liu Wei, aged 54, was a chief operation manager of the operation department of Heilongjiang Construction Investment Group Co. Ltd. from September 1989 to August 1995.

From September 1995 to July 2010, he was the director of engineering of China United Network Communications Group Co. Ltd. (Heilongjiang Branch). Mr. Liu worked as a general manager at Beijing Diansheng Investment Management Co.

Ltd. from October 2010 to September 2015 and as the chairman, director and general manager at Shenzhen Metaseq Capital Co. Ltd. from March 2015 to June 2021. Mr. Liu is currently a general manager of Beijing Shuishan Xinghe Investment Management Partnership (Limited Partnership) since March 2015, and the chairman of the investment committee of Beijing Zhuyuan Tongde Investment Management Co.

Ltd. since September 2018. Mr. Liu graduated from Harbin Engineering University with a bachelor degree in electronic information engineering in July 2001. He further obtained his master degree in executive business administration from Tsinghua University in July 2002.

In June 2022, Mr. Liu obtained a degree of doctor of business administration from Temple University through distance learning. Ms. Jiang Yan, aged 50, is experienced in financial management. From April 2001 to April2012, Ms. Jiang was the chief financial officer of Beijing Huatianheng Technology Development Co.

Ltd. and was responsible for, among other things, establishing financial system, financial management and inventory control. From July 2018 to December 2021, Ms. Jiang worked at HouseSigma Inc., where her first position was investment manager and her last position was broker of record, responsible for compliance checks and supervision of client's trust or commission accounts. Ms. Jiang is currently working at Canada-China Ageing Industry Development Inc. and is responsible for the operation and financial management of the organisation.

Ms. Jiang graduated from the Central University of Finance and Economics (formerly known as Central Institute of Finance with a bachelor degree majoring in accounting in June 1994. Ms. Jiang obtained a diploma in postgraduate studies in finance from Tsinghua University in October 2006 and a Master of Business Administration from The Chinese University of Hong Kong in December 2006. Ms. Jiang was a fellow member of the Chinese Institute of Certified Public Accountants.

As disclosed in the Composite Document, Mr. Li Wan Jun ("Mr. Li") and Mr. Pang Zhan ("Mr. Pang") will resign as independent non-executive Directors (the "Proposed Resignation"). The Proposed Resignation will be effected on a date which is immediately after the first closing date of the Offers as required under Rule 7 of the Takeovers Code. In anticipation of the Proposed Resignation, Mr. Li has resigned as a chairman of the audit committee of the Company (the "Audit Committee") and a member of the Remuneration Committee with effect from 30 May 2023 and Mr. Pang has resigned as a member of the Audit Committee, nomination committee of the Company (the "Nomination Committee") and Remuneration Committee with effect from 30 May 2023.

Mr. Liu has been appointed as a member of each of the Audit Committee, the Nomination Committee and Remuneration Committee and Ms. Jiang has been appointed as the chairman of the Audit Committee and a member of the Remuneration Committee with effect from 30 May 2023.