The Board of Triumph New Energy Company Limited announced that with effect from 21 July 2023: Mr. Ma Yan has resigned as an executive Director, the president, the financial executive, the authorized representative, a member of the Strategic Committee of the Board and a member of the Compliance Committee of the Board; Mr. Zhang Rong, an executive Director of the Company, has been appointed as the Authorized Representative of the Company; Mr. Zhang Rong, an executive Director of the Company, has been appointed as a member of the Compliance Committee of the Board of the Company; Mr. Zhang Rong, an executive Director of the Company, has been appointed as the president. RESIGNATION OF EXECUTIVE DIRECTOR AND PRESIDENT: Mr. Ma Yan has resigned as an executive Director, the president, the financial executive, the authorized representative under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the member of the Strategic Committee of the Board and the member of the Compliance Committee of the Board with effect from 21 July 2023 due to work arrangement adjustments. CHANGE IN COMPOSITION OF BOARD COMMITTEES: With effect from 21 July 2023: (i) since Mr. Ma resigned as an executive Director of the Company, he will cease to be a member of each of the Strategic Committee and Compliance Committee of the Board of the Company; and (ii) Mr. Zhang has been appointed as a member of the Compliance Committee of the Board of the Company. APPOINTMENT OF SENIOR MANAGEMENT: In view of the resignation of Mr. Ma as the president and financial executive of the Company, on 21 July 2023, (i) as nominated by Mr. Xie Jun, the chairman of the Company, and reviewed by the Nomination Committee of the Board, Mr. Zhang, an executive Director of the Company, is recommended to act as the president of the Company; (ii) as nominated by Mr. Zhang, an executive Director of the Company, and reviewed by the Nomination Committee of the Board, Mr. Chen Hongzhao ("Mr. Chen") is recommended to act as the vice president and financial executive of the Company. The Board approved the Resolution on the Appointment of Mr. Zhang Rong as the President of the Company and the Resolution on the Appointment of Mr. Chen Hongzhao as the Vice President and Financial Executive of the Company (collectively, the "Resolutions on the Appointment of Senior Management") and made the appointments accordingly, with a term commencing from the date of consideration and approval of the Resolutions on the Appointment of Senior Management by the Board (being 21 July 2023) to the expiry of the tenth term of the Board of the Company. Biographical details of Mr. Zhang and Mr. Chen are set out as follows: Mr. Zhang Rong, male, aged 49, holds a master degree in engineering, is a professor-grade senior engineer, an executive Director and the chief executive officer of the Company. He is also an executive director of Qinhuangdao North Glass Co. Ltd., CNBM (Hefei) New Energy Company Limited, CNBM (Tongcheng)
New Energy Materials Company Limited, Kaisheng (Zhangzhou) New Energy Co. Ltd. and CNBM (Luoyang) New Energy Resources Co. Ltd., as well as the general manager of Kaisheng Glass Holdings Limited. His previous appointments include the assistant engineer of the glass division of CNBM New Material Research Institute Group Co. Ltd. the engineer, the senior engineer and an assistant to the president of the Glass Design Institute of China Triumph International Engineering Co. Ltd., the executive deputy general manager and the general manager of CNBM (Hefei) New Energy Company Limited, the chairman and a general manager of Qinhuangdao North Glass Co. Ltd., and the chairman and a general manager of Kaisheng (Zigong) New Energy Co. Ltd. Mr. Chen Hongzhao, male, aged 50, holding a bachelor degree, is the vice chairman of the Qinhuangdao Enterprise Branch of Jiusan Society, a member of the Standing Committee of the Political Consultative Conference of Haigang District of Qinhuangdao City, a senior accountant, a certified public accountant and a certified tax accountant. Currently, he serves as the deputy general manager and financial executive of China Yaohua Glass Group Corporation Co. Ltd., and also an executive director of Yaohua (Qinhuangdao) Glass Co. Ltd. and an executive director of Yaohua (Qinhuangdao) Glass Technology Development Co. Ltd. His previous appointments include the head of the finance department of the CLFG Processed Glass Co. Ltd., the chief of the finance department of Luoyang Longding Aluminum Co., Ltd, the financial executive of CLFG Luoyang Longhao Glass Co. Ltd., the deputy general manager and financial executive of Triumph Glass Holding Co. Ltd., and the chairman of CNBM (Neijiang) Glass Hi Tech Co. Ltd.( ).