On July 31, 2019, Mr. Nanfang Li resigned from his position as the Chief Strategy Officer of Powerbridge Technologies Co., Ltd. effective immediately. Mr. Li’s resignation is not as a result of any disagreement with the company relating to its operations, policies or practices. Mr. Li remains engaged as an advisor to the Company to help expand its markets as well as to identify and develop strategic partners for a period of one year from August 1, 2019 to August 1, 2020.