The board of directors of IRICO Group New Energy Company Limited announced that: Mr. Ni Huadong ("Mr. Ni") was appointed as the deputy general manager of the Company, with effect from 6 January 2021. Mr. Ni Huadong, aged 45, is a non-executive director of the Company. He had served as investment specialist of the securities department, head of the corporate management center, assistant to the head and deputy head of the securities department of Nanjing Huadong Electronics Group Limited; deputy director of the secretariat of the board of directors and representative of securities affairs of Nanjing Huadong Electronics Information & Technology Co. Ltd.; deputy general manager of Nanjing Tian Xi Investment Co., Ltd; general manager of Hong Kong Hua Jin Chen Technology Company Limited; representative of securities affairs, head of the securities department and head of office of the board of directors of Huadong Technology; and secretary to the Board of the Company. The Board announces that Mr. Ni will cease to be the secretary to the Board of the Company due to changes in job arrangements, with effect from 6 January 2021. Mr. Ni has confirmed that he has no disagreement with the Company and is not aware of any matter relating to his resignation as the secretary to the Board of the Company that needs to be brought to the attention of the shareholders of the Company. The Board also announces that Mr. Huang was appointed as the secretary to the Board of the Company, with effect from 6 January 2021. The biographical details of Mr. Mr. Huang Weihong, aged 37, is the chief financial officer of the Company. He had served as an auditor of the auditing bureau of the Bureau of Agriculture and Farming of Hainan Province, the audit manager of the China Aero-Polytechnology Establishment, the head of the audit department of Shaanxi Tourism Co. Ltd., the manager and representative of securities affairs of securities affairs department of Shaanxi Tourism Culture Industry Holding Co. Ltd., and the head of the audit department of IRICO Group Company Limited. The Board announced that Mr. Chu ceased to serve as the company secretary of the Company due to changes in job arrangements, with effect from 6 January 2021. Mr. Chu has confirmed that he has no disagreement with the Company and is not aware of any matter relating to his resignation as the company secretary of the Company that needs to be brought to the attention of the shareholders of the Company. The Board also announces that Mr. Ni was appointed as the company secretary of the Company, with effect from 6 January 2021. The Stock Exchange of Hong Kong Limited (the "Stock Exchange") has agreed that Mr. Ni may serve as the company secretary of the Company pursuant to Rule 3.28 of the Rules Governing the Listing of Securities on the Stock Exchange.