Enn Energy Holdings Limited Announces Change of Directors and Change in Composition of Board Committees

The Board of ENN Energy Holdings Limited announces that with effect from 16 January 2023: Mr. ZHENG Hongtao has been appointed as Executive Chairman of the Company and a member of the nomination committee, and ceased to be the Vice Chairman of the Company; Ms. WU Xiaojing has been appointed as Chief Executive Officer of the Company, and ceased to be the President of the Company; Mr. LIU Jianfeng has been appointed as an executive director and the President of the Company, as well as a member of the risk management committee. He will continue to act as the Chief Financial Officer of the Company until the Company appoints a new Chief Financial Officer; and Mr. ZHANG Yuying has tendered his resignation from his position as a non-executive director of the Company, and ceased to be a member of the risk management committee. The board (the "Board") of directors (the "Director(s)") of ENN Energy Holdings Limited (the "Company" and together with its subsidiaries, the "Group") announces that, with effect from 16 January 2023, Mr. ZHENG Hongtao ("Mr. ZHENG"), currently the Vice Chairman of the Company, has been appointed as Executive Chairman of the Company and a member of the nomination committee of the Board, and ceased to be the Vice Chairman of the Company.

On the same day, Ms. WU Xiaojing ("Ms. WU"), currently the President of the Company, has been appointed as the Chief Executive Officer of the Company, and ceased to be the President of the Company. Mr. ZHENG will be assisting the Chairman of the Board to ensure the effective operation of the Board, establish good corporate governance practices and procedures, and will be responsible for the strategic planning of the Group, especially on the development of the Group's environmental, social and corporate governance strategies. Ms. WU will be responsible for promoting and implementing the strategies and plans established by the Board, monitoring and correcting the implementation of strategies, as well as ensuring the acquisition of key resources and capabilities of the Group.