Sanergy Group Limited announced that Mr. Adriaan Johannes Basson, although eligible, did not offer himself for re-election at the 2023 AGM as he intends to devote more time on his other management role within the Group. Accordingly, Mr. Basson has retired by rotation as an executive Director at the conclusion of the 2023 AGM. Mr. Basson will continue to serve as director of the Company's subsidiary in South Africa.

Mr. Basson has confirmed that he has no disagreement with the Board and there are no matters that need to be brought to the attention of the Shareholders relating to his decision of not offering himself for re-election at the 2023 AGM. Mr. Wyllie, aged 54, joined the Group in January 2014 and was a Director of the Company from June 2018 to June 2020. He is the General Counsel of the Group and a director of Gosource (China) Limited, Gosource Capital Limited, Gosource Group Limited, Grafworld International Inc., Grafworld Macau Commercial Offshore Limited (also known as ``Grafworld Commercial Offshore De Macau Limitada''), Sanergy Asia Ltd, Sanergy Europe Inc, Sanergy Global Ltd, Sanergy Group (Hong Kong) Limited, Sanergy Holding International Inc, Sangraf Global Inc, Sangraf International (Hong Kong) Limited and Sanode International Co., Limited, all being wholly-owned subsidiaries of the Company.

Mr. Wyllie is primarily responsible for overseeing, identifying, developing and directing the implementation of business strategies and legal advisory. Mr. Wyllie is a Barrister and Solicitor of the High Court of New Zealand. Prior to joining Group, Mr. Wyllie was an equity partner at Helmore Ayers Lawyers in New Zealand, a boutique law firm specializing in asset structuring, commercial matters, acquisition and sales, corporate governance and private client work for local, national and international consumers, intermediaries and advisers.

Mr. Wyllie was an advisor of the Family Trust Legal & Affairs Centre of King & Capital Law in Beijing, PRC from 2016. Mr. Wyllie became a member of the International Tax Planning Association in November 2015, and a member of the Society of Trust and Estate Practitioners and a Registered Trust and Estate Practitioner in August 2007. He received a diploma in international trust management from the Society of Trust and Estate Practitioners in July 2007.

He received a Master of Laws (Internet and Electronic Law) degree from Monash University in March 2003 and subsequently became admitted as a barrister and solicitor of the High Court of New Zealand in May 2003. Mr. Wyllie graduated from the University of Canterbury with a bachelor of laws degree in December 2001 and from the University of Otago with a bachelor of arts degree in December 1992. The Board further announces that with effect from 19 May 2023, (i) Dr. Wei-Ming Shen (``Dr. Shen'') has tendered his resignation as the chairman of the Board; and (ii) Mr. Wyllie has been appointed as the chairman of the Board.

Simultaneously, Dr. Shen has ceased to be the chairman of the nomination committee and Mr. Wyllie has been appointed as the chairman of the nomination committee. Dr. Shen will remain as an executive Director and the chief executive officer of the Company. Dr. Shen has confirmed that he has no disagreement with the Board and there are no other matters that need to be brought to the attention of the Shareholders or the Stock Exchange in relation to his resignation as the Chairman of the Board.