The board of directors of Xinyi Electric Storage Holdings Limited announced that Mr. WANG Mohan, the chief executive officer of the Group, has been appointed as an executive Director effective from 5 June 2023. Mr. WANG, aged 38, is currently the Chief Executive Officer and the president of Polaron Energy Corp. Mr. WANG is also interested in 6.0% of the issued share capital of PEC.

Mr. WANG is currently overseeing the business operation and management of PEC for the provision of EPC (engineering, procurement and construction) and financing services of solar energy systems in Canada. Mr. WANG is graduated from Goodman School of Business of Brock University with a bachelor's degree of accounting in 2009 and a master's degree of accountancy in 2011. Mr. WANG is a non-practising certified public accountant and certified management accountant in Canada.

Mr. WANG has approximately 10 years of experience in the solar photovoltaic industry operations focusing on the sales and production, project management and financial management.