E-Station Green Technology Group Co., Limited announced Mr. Liang Qianyuan has been appointed as an executive Director with effect from 16 May 2024; Mr. Lee Ming Yeung, Michael has resigned as an independent non-executive Director, the chairman of the remuneration committee of the Board (the "Remuneration Committee") and a member of each of the audit committee of the Board (the "Audit Committee") and the nomination committee of the Board (the "Nomination Committee") with effect from 31 May 2024; and Ms. Huang Weiyan has been appointed as an independent non-executive Director, the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 31 May 2024. Mr. Liang, formerly known as Liang Benlan, aged 66, has years of experience in the fields of banking and corporate advisory in the PRC. He obtained a diploma of special training programme for government and party cadre from Guangdong Radio and Television University (now known as the Open University of Guangdong) in July 1986.

Currently, he serves as a director of K Group (Shenzhen) Holding Group Company Limited, a PRC subsidiary of the Group. Mr. Liang was appointed as a non-executive director on 25 September 2019 of Solis Holdings Limited, the shares of which are listed on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). (stock code: 2227), was re-designated as an executive director and chief executive officer with effect from 13 December 2019 and retired on 19 June 2020.

Mr. Liang was appointed as a non-executive director on 4 July 2019 of Core Economy Investment Group Limited, the shares of which are listed on the Stock Exchange (stock code: 339) and retired on 15 June 2021. Mr. Liang was appointed as an independent non-executive director of Omnibridge Holdings Limited, the shares of which are listed on the Stock Exchange (stock code: 8462) from 16 November 2020 to 27 June 2023. Mr. Liang was an independent non-executive director of IAG Holdings Limited (now known as MaxWin International Holdings Limited), the shares of which are listed on the Stock Exchange (stock code: 8513) since 31 August 2022.

Mr. Lee has tendered his resignation as an independent non-executive Director with effect from 31 May 2024 due to commitment of work and business development. Mr. Lee has confirmed that he has no disagreement with the Board and there was no matter in relation to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange. Appointment of Ms. Huang Weiyan; Ms. Huang, aged 48, has over 20 years of working experience in financial management.

She graduated from China Central Radio and TV University (now known as the Open University of China) with associate's degree in accounting in 2007. Following her graduation from the university, she has held positions at the managerial level in financial within different PRC companies. Currently, she is working as a financial manager in a property management company located in Zhongshan City.

Following the resignation of Mr. Lee as an independent non-executive Director and the appointment of Ms. Huang as an independent non-executive Director: 1. Mr. Lee also ceased to be the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 31 May 2024; and 2. Ms. Huang has been appointed as the chairman of the Remuneration Committee and a member of each of the Audit Committee and the Nomination Committee with effect from 31 May 2024.