The board of directors of Leoch International Technology Limited announced that: (i) due to internal job re-allocation, with effect from 10 August 2023, Ms. YIN Haiyan (" Ms. YIN "), who is and remains as an executive Director, has been re-designated as the director of PRC Marketing System Department of the Company; and (ii) Mr. CHANG Jianwei ("Mr. CHANG") has been appointed as the chief executive officer of the Company in place of Ms. YIN with effect from 10 August 2023. Mr. CHANG, aged 52, joined the Company as the chief financial officer of the Group's battery business in January 2022 and is responsible for the PRC and overseas financial operations. Mr. CHANG graduated from Nanjing Normal University in 1996 with a Bachelor of Arts degree.

He also holds a Master Degree of Business Administration from Xi ' an University of Technology in 2004 and is a Doctor of Philosophy graduate, doctorate in management of Jiangsu University. He was deputy general manager of the finance department of Shanghai Pengxin Group and chief financial officer of Shanghai Pengxin Agricultural Investment Group before joining the Group. He served as finance manager of Sinarmas Paper (China) Investment Co.

Ltd., deputy financial director of Hainan Jinhai Pulp & Paper Company Ltd., financial director of Gold Hongye Paper Group Co. Ltd., deputy general manager and chief financial officer of Jinhongye Paper (Nantong) Co. Ltd. as well as director of business development department of Bank of China (Zhenjiang Branch) Zhenjiang.