Powerbridge Technologies Co., Ltd. announced that Mr. Wu has resigned from his position as a Director of the Company, effective from December 20, 2021, in order to focus on other business obligations. Mr. Wu's resignation is not a result of any disagreement with the Company in relation to its operations, policies or practices. In addition, the Company announced that, effective from December 23, 2021, Ms. Wei Jiang was appointed by the Board as an independent Director, the Chairwoman of the Nominating Committee, a member of the Compensation Committee and a member of the Audit Committee. Ms. Jiang has over 25 years of experience in the finance and accounting field.