Tianjin Tianbao Energy Co., Ltd. Board announced that, as approved by the Shareholders at the EGM, Mr. You Shijun ("Mr. You") has been appointed as an independent non-executive Director of the Company with effect from August 29, 2022. the Board has resolved to appoint Mr. You as the chairman and a member of the remuneration committee of the Board and a member of the nomination committee of the Board.