The Board of CM Energy Tech Co., Ltd. announced that due to other job arrangement, Mr. Yu Zhiliang has resigned as an executive Director and the chairman of the Board, and also ceased to be the Chief Executive Officer of the Company as well as the chairman of the nomination committee of the Board (the Nomination Committee), a member of the remuneration committee of the Board (the Remuneration Committee) and the chairman of the compliance committee of the Board (the Compliance Committee) with effect from 29 August 2023. The Board further announced that with effect from 29 August 2023, Mr. Mei Xianzhi (Mr. Mei) has been appointed as the chairman of the Board and the chairman of the Nomination Committee; Mr. Zhan Huafeng (Mr. Zhan) has been re-designated from a non-executive Director to an executive Director, and appointed as the Executive President of the Company, a member of the Nomination Committee and the chairman of the Compliance Committee; Mr. Tam Wing Tim (Mr. Tam) has been appointed as a non-executive Director and a Vice President of the Company; and Mr. Zhang Menggui, Morgan (Mr. Zhang) has resigned as a member of the Nomination Committee due to re-arrangement of duties within the Group. Mr. Zhang has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation as a member of the Nomination Committee that need to be brought to the attention of the Stock Exchange and/or the shareholders of the Company.

Mr. Mei Xianzhi, aged 43, is a senior engineer. He holds a bachelor's degree in marine power plant from the School of Thermal Energy and Power Engineering of Wuhan University of Technology and a master's degree in management science and engineering from Zhejiang University. He was appointed as a non-executive Director of the Company on 6 June 2022.

He is also the deputy general manager of China Merchants Industry Holdings Co., Ltd. ("China Merchants Industry"), a controlling shareholder of the Company. From July 2002 to November 2011, Mr. Mei served as a technician, supervisor, ship repairing manager and deputy manager of the engineering department of Yiu Lian Dockyards (Shekou) Limited; he successively served as the project manager, manager of production management department and assistant to the general manager of China Merchants Heavy Industry (Shenzhen) Co., Ltd. from November 2011 to February 2015; he served as the deputy general manager of China Merchants Heavy Industry (Jiangsu) Co., Ltd. from February 2015 to May 2018; the leader of the cruise construction preparatory team of China Merchants Industry from May to October 2018; the general manager of China Merchants Cruise Shipbuilding Co., Ltd. from October 2018 to October 2019; the general manager of China Merchants Heavy Industry (Jiangsu) Co., Ltd. and China Merchants Cruise Shipbuilding Co., Ltd. from October 2019 to February 2020; the assistant to the general manager of China Merchants Industry and the general manager of both China Merchants Heavy Industry (Jiangsu) Co., Ltd. and China Merchants Cruise Shipbuilding Co., Ltd. from February 2020 to December 2021. Mr. Mei served as the assistant to the general manager of China Merchants Industry from January 2022 to June 2022.

Mr. Mei has been the deputy general manager of China Merchants Industry since June 2022 to date. Mr. Mei has many years of experience in the manufacturing and management of superlarge vessels and core equipment for green environmental protection, which will help the Company in its transformation and development of expanding green energy technology businesses such as offshore wind power and hydrogen energy. Mr. Zhan Huafeng, aged 39, holds a master's degree in naval architecture and marine engineering from Wuhan University of Technology.

He was appointed as a non-executive Director, a member of the Remuneration Committee and the Vice President of the Company on 24 March 2023. He served at China Merchants Industry successively from 2018 to 2022 with his last position as office director. Mr. Zhan worked at China Merchants Heavy Industry (Jiangsu) Co., Ltd. and China Merchants Cruise Shipbuilding Co., Ltd. successively from 2013 to 2019 with his last position as director of human resources department; and at Yiu Lian Dockyards Limited as assistant to the manager of the human resources department, and at Yiu Lian Dockyards Limited as the executive deputy general manager successively from 2008 until Mr. Zhan has been re-designated as an executive Director.

Mr. Tam Wing Tim, aged 46, holds a master's degree in naval architecture and marine engineering in Wuhan University of Technology. He holds a bachelor's degree of arts in accountancy from the Hong Kong Polytechnic University and is a member of the Association of Chartered Certified Accountants (ACCA). He is currently the deputy general manager of the finance department of China Merchants Industry (with full departmental treatment) and a director and the chief financial officer of Yiu Lian Dockyards Limited.

From October 1997 to July 2000, Mr. Tam worked as a clerk in the credit department and the remittance department of United Chinese Bank. From August 2000 to July 2001, Mr. Tam was a clerk in the remittance department of the Bank of East Asia. From August 2001 to June 2004, Mr. Tam worked as a clerk in the financial department of China Merchants Industry.

From July 2004 to October 2007, Mr. Tam served as the deputy director of the financial department of China Merchants Industry. From November 2007 to April 2012, Mr. Tam served as the director of the financial department of China Merchants Industry. From May 2012 to July 2014, Mr. Tam served as the business manager of the financial department of China Merchants Industry.

From August 2014 to May 2015, Mr. Tam was the assistant to the general manager of the financial department of China Merchants Industry. From June 2015 to December 2020, Mr. Tam was the deputy general manager of the financial department of China Merchants Industry.