The board of directors of Tsaker New Energy Tech Co., Limited announced that Mr. PAN Deyuan has been appointed as a non-executive Director with effect from 25 November 2022. Mr. Pan, aged 41, has over 15 years of experience in investment management, computer science and technology. Since January 2022, Mr. Pan has been a director of Sanya Xuancai Private Equity Venture Capital Fund Management Co.

Ltd. where he engages in the decision-making process of the board of directors, as well as daily operation and management of Sanya Xuancai. Since December 2020, he has been a director of Fujian Guoguang Xinye Sci-tec Co. Ltd. a subsidiary of Fujian Guoguang Electronic Science and Technology Co., Ltd, where he is responsible for considering the annual operation plan of Fujian Guoguang Xinye and major issues such as investment plans.

Since April 2005, he has been a director of Fujian Guoguang Electronic where he is responsible for considering the annual operation plan of Fujian Guoguang Electronic and major issues such as investment plans. Mr. Pan graduated with major in computer science and technology from Wuhan University in the People's Republic of China in July 2004. Mr. Pan entered into a letter of appointment with the Company for a fixed term of three years commencing on 25 November 2022 and is subject to retirement by rotation and re-election in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the articles of association of the Company.

Mr. Pan is presently entitled to receive a director's fee of RMB200,000 per annum with discretionary bonus for his appointment as a non-executive Director as set out in his letter of appointment. His emolument has been reviewed by the remuneration committee of the Board and determined by the Board with reference to his responsibilities and duties within the Company and the prevailing market conditions.