Robosense Technology Co. Ltd. announces that the following changes on the positions held by Dr. Qiu Chunxin and Mr. Qiu Chunchao has become effective on March 27, 2024: Dr. Qiu Chunxin has tendered his resignation as the Chief Executive Officer with effect from March 27, 2024. Such changes will allow Dr. Qiu to focus more on the role of chairman of the Board, to oversee the scientific development of the Group, and to continue to provide his valuable insights on the overall strategy and business and product development of the Company to the Board.

Following the resignation of Dr. Qiu Chunxin as the Chief Executive Officer, the Board has appointed Mr. Qiu Chunchao as the Chief Executive Officer with effect from March 27, 2024. In order to focus on the role of the Chief Executive Officer, Mr. Qiu has tendered his resignation as the executive president of the Company with effect from the same date. Mr. Qiu Chunchao aged 34, is an executive Director.

He was appointed as a Director on December 31, 2021 and re-designated as an executive Director on June 28, 2023. Mr. Qiu is the brother of Dr. Qiu Chunxin. He is primarily responsible for overseeing the execution of the overall strategy, business development and management of Group.

Mr. Qiu has over eight years of experience in the LiDAR solutions market. He has been holding senior management position and directorship in several subsidiaries of Group, including the supervisor of Optixpan Semiconductors Inc. since October 2016, supervisor of Suzhou Xijing MEMS Technology Co. Ltd., since November 2017, supervisor of Shanghai Lubo Shengshi Information Technology Co.

Ltd. since December 2018, and director of Hong Kong Suteng Innovation Technology Co. Limited since June 2021. Mr. Qiu obtained a diploma in computer application technology from Guangdong Vocational College of Science and Technology in China in June 2012, and a master's degree in business administration from the Chinese University of Hong Kong in Hong Kong in October 2022.

Mr. Qiu was recognized by Forbes in the 30 Under 30 Asia List 2018 and the 30 Under 30 China List 2018, and by Hurun Report in Hurun China Under 30s To Watch 2019 (2019 Under 30s). He was also honored by Human Resource Bureau Nanshan District as "High-level Talent" in Nanshan District of Shenzhen in January 2022.