The board of directors of Concord New Energy Group Limited announces that with effect from May 19, 2022: Ms. Li Yongli has been appointed as an independent non-executive director of the Company; Mr. Liu Shunxing and Mr. Yap Fat Suan, Henry have resigned as members of the Remuneration Committee of the Company; and Ms. Liu Jianhong, Mr. Yap Fat Suan, Henry and Mr. Zhang Zhong have resigned as members of the Nomination Committee of the Company and Ms. Li Yongli is appointed as a member of the Nomination Committee of the Company. Ms. Li is currently a Professor and Doctoral Supervisor of the School of Electrical and Information Engineering in Tianjin University, a Vice Chairman of IEEE PES Power System Relaying & Control Satellite Committee - China, a Member of CIGRE (International Conference on Large High Voltage Electric System, Conference International des Grands Reseaux Electriques) B5 (Protection and Automation) Chinese Study Committee, Senior Member of Chinese Society of Electrical Engineering and Director of Tianjin Electric Power Society.