The board of directors of CM Energy Tech Co., Ltd. announced that due to other job arrangements, (i) Mr. Jiang Binghua has resigned as a non-executive Director; and (ii) Mr. Chen Weidong has resigned as an independent non-executive Director and also ceased to be a member of the audit committee of the Board, a member of the nomination committee of the Board and a member of the remuneration committee of the Board with effect from 22 March 2024. The Board further announced that each of Ms. Zhang Zhen ("Ms. Zhang") and Mr. Xue Jianzhong ("Mr. Xue") has been appointed as an independent non-executive Director, a member of the Audit Committee, a member of the Nomination Committee, a member of the Remuneration Committee and a member of the environmental, social and governance committee of the Board (the "ESG Committee") with effect from 22 March 2024. Ms. Zhang Zhen, aged 44, is an associate researcher and a doctoral candidate in industrial economics from the Graduate School of Chinese Academy of Social Sciences. She holds a master's degree in business administration from the Graduate School of Chinese Academy of Social Sciences and a master's degree in global environmental management for sustainable development from the Hong Kong Metropolitan University. She is currently the executive dean of the China EV100 Low Carbon Integrated Development Institute and the dean of the Shandong Institute of Hydrogen Energy Technology, both of which being positions Ms. Zhang has assumed since 2019. She successively served as the manager of the marketing department and the director
of the strategy department of Datang Mobile Communication Equipment Co., Ltd. from 2002 to 2007; she successively served as the project director and partner of Hejun Group Co., Ltd. from 2008 to 2013; she served as the director of the capital operation department of CITIC Medical Health Industry Group Co., Ltd. from 2013 to 2015; she served as the chief investment officer of Yinji Entertainment and Media Co., Ltd. from 2016 to 2018. Ms. Zhang also serves as an observer of the National Hydrogen Energy Standardization Technical Committee, an off-campus tutor of Beijing Institute of Technology, a member of the expert group of Shandong Province for the "Hydrogen into Thousands of Families technology demonstration project, the chief hydrogen energy expert of "Zeping Macro and a partner of the Hydrogen Energy Investment Fund. She also participated in five
national and provincial key projects, published more than ten core journals and papers, published two hydrogen energy monographs, led the compilation and publication of seven textbooks for hydrogen energy and fuel cell industry series, applied for and/or authorized invention patents and 16 utility model patents, participated in the development of two national standards and led one local standard.

Mr. Xue Jianzhong, aged 61, graduated from Henan Radio and Television University. He is a Certified Public Accountant in the PRC, Certified Tax Agent in the PRC and an auditor in the PRC. He currently serves as a partner and director of Shenzhen Great Wall Certified Public Accountants Co., Ltd., and a member of the 7th Council of the Shenzhen Institute of Certified Public Accountants, director of Shenzhen Yongdao Taxation Firm Co., Ltd. and an executive director and general manager of Shenzhen Zhenzhong Industrial Development Co., Ltd. From 1983 to 1984, he served as an auditor at the Tanghe County Taxation Bureau in Henan Province; from 1985 to 1994, he successively served as an auditor and a deputy section chief in the Tanghe County Taxation Bureau, and a director of Tanghe County Audit Firm in Henan Province; from 1994 to 2005, he served as a partner and director of Shenzhen Yongming Accounting Firm; since 2005, he has been working as a partner at Shenzhen Great Wall Certified Public Accountants Co., Ltd. and director (including working as the chairman and general manager from 2011 to 2022); since 2003, he has served as an executive director and general manager of Shenzhen Zhenzhong Industrial Development Co., Ltd; since 2007, he has served as a director of Shenzhen Yongdao Taxation Firm Co., Ltd.; from 2014 to 2017, he served as the chariman and general manager of Shenzhen Guohua Investment Management Co., Ltd; from 2015 to 2017, he served as an
executive director and general manager of Shenzhen Guohua Commercial Factoring Co., Ltd. In addition, Mr. Xue has been an independent director of Shenzhen LAY-OUT Planning Consultants Co., Ltd. since 2019 and an independent director of Shenzhen Chuangyitong Technology Co., Ltd. since 2021. Following the change of Directors disclosed above, the Board comprises a total of 11 Directors, of which 1 is an executive Director, 6 are non-executive Directors and 4 are independent non-executive Directors. Accordingly, as at the date of this announcement, the Company has complied with the requirements under Rule 3.10A of the Listing Rules.