The board of directors of Tsaker New Energy Tech Co., Limited announced that Mr. HO Kai Chung Kenneth (Mr. Ho) has tendered his resignation as an independent non-executive Director and a member of each of the audit committee of the Board, the nomination committee of the Board and the remuneration committee of the Board with effect from the conclusion of the Board meeting on 15 December 2023 as he wishes to devote more time to his personal commitments. The Board announced that Ms. ZHANG Feiyan (Ms. Zhang) has been appointed as an independent non-executive Director and a member of each of the Audit Committee, the Nomination Committee and the Remuneration Committee with effect from the conclusion of the Board Meeting on 15 December 2023. Ms. Zhang, aged 54, has over 25 years of experience in investment management and mergers and acquisitions advisory.

From October 2006 to September 2021, Ms. Zhang was the group vice president and managing director of the strategic investment department of Alibaba Group Holding Limited, where she was responsible for the investment and mergers and acquisitions of the Alibaba group. From January 2004 to October 2006, she was an associate director of Deloitte & Touche Corporate Finance Ltd. Beijing Branch, where she was responsible for providing clients with financial advisory services related to investment and mergers and acquisitions. From 2000 to 2001, Ms. Zhang was a project director of the investment banking department of the Finance and Securities Institute at Renmin University of China, where she was responsible for the provision of financial advisory services for investment and mergers and acquisitions.

From 1992 to 2000, Ms. Zhang was the lead project manager of China National Aero-Technology Import & Export Corporation, where she was responsible for investment analysis, investment execution and post-investment management. Ms. Zhang graduated with a bachelor's degree in management engineering from Beihang University, previously known as the Beijing University of Aeronautics and Astronautics, in the PRC in July 1992 and a master of business administration degree from the Amos Tuck School of Business Administration at Dartmouth College in the United States in June 2003. The Board further announced that Ms. NG Ka Man (Ms. Ng) has tendered her resignation as a joint company secretary of the Company (Joint Company Secretary), an authorized representative of the company (Authorized Representative) pursuant to Rule 3.05 of the Listing Rules and an authorized representative under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) for acceptance of service of process and notices on behalf of the Company (Process Agent) in Hong Kong with effect from 15 December 2023 due to other work arrangements.

The Board announced that, immediately following Ms. Ng's resignation, Mr. BAI Kun (Mr. Bai), an executive Director and a Joint Company Secretary, who has been confirmed by the Stock Exchange to be capable of acting as a company secretary of the Company under Rule 3.28 of the Listing Rules, will act as the sole company secretary of the Company and Mr. Bai has been appointed as an Authorized Representative and a Process Agent in Hong Kong in place of Ms. Ng, all with effect from 15 December 2023.