Zhejiang Tengy Environmental Technology Co. Ltd. announced at extraordinary general meeting held on October 17, 2023, approved appointment of Mr. Wang Feng as an independent non- executive director of the company. The Board further announced that Mr. Zhang has resigned as an independent non- executive Director; and Mr. Wang has been appointed by the Shareholders at the EGM as an independent non-executive Director with effect from 17 October 2023.

Mr. Zhang has resigned as an independent non-executive Director with effect after the conclusion of the EGM so as to allow him to devote more time to his personal commitments. Mr. Wang Feng, aged 38, obtained a bachelor degree in environmental science at Anhui Normal University in 2010. He further obtained a master degree in environmental planning and management at Nanjing University in 2012 and a doctor degree in environmental science and engineering at Nanjing University in 2018.

From September 2012 to July 2013, he worked a research assistant in the environmental policy and risk management team at Nanjing University. From January 2019 to June 2021, he worked as a lecturer and tutor for master students at the Business School of Nanjing University of Information Science & Technology. Since July 2021, he has been working as a deputy researcher and tutor for master student at the Business School of Nanjing University of Information Science & Technology.

Since April 2022, he has been working as the vice dean of (for transliteration purpose only, the Research Institute of Weather, Economics and Low Carbon Production) of Nanjing University of Information Science & Technology. Since November 2022, he has been working as the assistant to Dean of Business School of Nanjing University of Information Science & Technology. Mr. Feng has extensive experience in fields such as environmental protection, finance, agriculture and engineering.

The Board announced that with effect from 17 October 2023, the composition of the board committees of the Company has been changed as follows: Mr. Zhang has ceased to be the chairman of the nomination committee and a member of each of the audit committee and the remuneration committee of the Board; and Mr. Wang has been appointed as the chairman of the nomination committee and a member of each of the audit committee and the remuneration committee of the Board.