On December 27, 2023, Mr. Jing Deng has resigned as the Chief Product Officer of Powerbridge Technologies Co., Ltd. and Mr. Xuzhi Zhou has resigned as the Chief Business Development Officer of the Company, effective on 27, 2023, due to personal reasons and not due to any disagreement with the Company on any matter relating to the Company?s operations, policies, or practices. Mr. Charles Tingru Ou is appointed as Chief Product Officer of the Company, effective on December 27, 2023. Mr. Ou, a seasoned technology professional, has extensive experience in digital and information technologies for international trade applications.

He had served various managerial positions at cross-border trade related technology companies with expertise in architectural design and planning of system and platform development for customs compliance, trade logistics and supply chain. Mr. Ou is a graduate of Jiangxi Science and Technology Normal University.