The board (the "Board") of directors (the "Director(s)") of China Fordoo Holdings Limited (the "Company") announced that Mr. Lu Ke () ("Mr. Lu") has been appointed as an executive Director of the Company, with effect from 22 June 2022. Mr. Lu, aged 46, obtained his Bachelor of Economics from Beijing International Studies University in July 1998. He obtained his Master of Science in Marketing from New York University in May 2003 and his Master in Public Policy from Kennedy School of Government, Harvard University in May 2005.

Mr. Lu has over 15 years' of experiences in the technology industry. Mr. Lu joined the Group in March 2022 as a general manager of Jiangsu HengAn Technology Co. Ltd. Jiangsu HengAn is an indirectly wholly-owned subsidiary of the Company.

Prior to joining the Group, Mr. Lu worked as a senior management member of a number of technology companies principally engaged in the energy storage sector in the PRC since 2007. Mr. Lu has entered into a service contract with the Company as an executive Director for a term of three years commencing from 22 June 2022, which may be terminated by either the Company or Mr. Lu by giving at least three months written notice or otherwise in accordance with the terms of the service contract. According to the Articles of Association of the Company, Mr. Lu shall retire from office and be eligible for re-election at the next general meeting of the Company.

The board is also pleased to announce that Mr. Wang Yan ("Mr. Wang") has been appointed as a non-executive Director of the Company, with effect from 22 June 2022. Mr. Wang, aged 38, graduated from the University of California, Santa Barbara with a Bachelor's degree in Science major in electrical engineering in June 2007. He also obtained his Master in Business Administration in Finance jointly offered by Chinese University of Hong Kong and Tsinghua University in November 2011.

Mr. Wang has experiences in the financial industry. Mr. Wang acted as a corporate finance associate at Sun Hung Kai Securities Limited from March 2010 to March 2011. He acted as the vice president of Hong Kong Primus Capital from March to June 2011.

He has been a director of China Sun Finance Company Limited since July 2011. Mr. Wang has entered into a service contract with the Company as a non-executive Director for a term of three years commencing from 22 June 2022, which may be terminated by either the Company or Mr. Wang by giving at least three months written notice or otherwise in accordance with the terms of the service contract. According to the Articles of Association of the Company, Mr. Wang shall retire from office and be eligible for re-election at the next general meeting of the Company.