On 28 April 2023, Triumph New Energy Company Limited received a written resignation report from Mr. Li Yang, the financial executive of the Company, who has applied for resignation from his position as the financial executive of the Company due to work arrangement adjustments. Mr. Li ceased to hold office with the Company upon his resignation as financial executive of the Company. In accordance with the Company Law of the People's Republic of China and the articles of association of the Company, Mr. Li's resignation became effective upon delivery of the resignation report to the Board, with effect from 28 April 2023.

In view of Mr. Li's resignation as the financial executive of the Company on 28 April 2023, Mr. Ma Yan ("Mr. Ma"), the president of the Company, was nominated by Mr. Xie Jun, the chairman of the Company and examined by the Nomination Committee of the Board, to act as the financial executive of the Company concurrently. The Board approved the "Resolution on the Appointment of the Financial Executive" and appointed Mr. Ma as the financial executive of the Company for a term commencing from the date of consideration and approval of the "Resolution on the Appointment of the Financial Executive" by the Board (being 28 April 2023) to the expiry of the tenth term of the Board of the Company. Mr. Ma Yan, is an accountant, and currently an executive Director and president of the Company.

Mr. Ma concurrently holds positions as the general manager of China Luoyang Float Glass (Group) Company Limited, and the chairman of the supervisory committee of CNBM (Yixing) New Energy Resources Co. Ltd. He had served as the chief financial controller of Bengbu Chemical Machinery Co. Ltd., assistant to the head of the finance department of CNBM New Material Research Institute Group Co.

Ltd., chief financial controller for Chengdu China Optoelectronics Technology Co. Ltd. and Triumph Science & Technology Co. Ltd., and the financial executive of the Company, etc.