Golden Solar New Energy Technology Holdings Limited Board announced that with effect from 17 October 2022, an executive Director and Chief Technology Officer, Dr. Xu Zhi ("Dr. Xu"), had resigned from the role of an executive Director but continued to perform his role as the Chief Technology Officer of the Group. Dr. Xu, aged 56, joined the Group as a technical consultant in December 2015 and became the technical director of Xinfeng 2D (Fujian) Material Technology Company Limited, an indirect wholly-owned subsidiary of the Company, since September 2017. He was formally redesignated as an executive Director and the Chief Technology Officer of the Group in February 2021.

Dr. Xu wishes to focus on his duty as the Group's Chief Technology Officer and therefore proposed to resign as an executive Director and has confirmed that there is no disagreement with the Board and there are no matters that need to be brought to the attention of the holders of securities of the Company in connection with his resignation as an executive Director.