The board of directors of GCL Technology Holdings announced that Mr. Zhu Yufeng, an executive Director and a member of the Remuneration Committee of the Company, has been appointed as a vice chairman of the Board with effect from 9 September 2022.Mr. Zhu Yufeng, aged 41, has been an executive Director of the Company since September 2009and is a member of the Remuneration Committee of the Company and a director of several subsidiaries of the Company. Mr. Zhu Yufeng joined a subsidiary of the Company in 2006 and is responsible for human resources, administration and project tender of the Company. Mr. Zhu Yufeng is currently the chairman of GCL System Integration Technology Co.

Ltd., the chairman of GCL Energy Technology Co. Ltd. and the vice chairman of GCL New Energy Holdings Ltd. Mr. Zhu Yufeng is currently the committee secretary of CPC GCL Group Limited, vice chairman and president of Golden Concord Holdings Limited and a director of GCL Group Limited. Mr. Zhu Yufeng also serves as a member of the Standing Committee of All-China Youth Federation, the vice president of Chinese Young Entrepreneurs' Association, the vice chairman of China Electricity Council, the vice president of General Chamber of Commerce of Jiangsu Province, the president of Jiangsu Youth Chamber of Commerce and a member of the 14th and 15th committees of CPPCC in Suzhou City etc.

In addition, Mr. Zhu Yufeng was honored as 2017 Top Ten Peopleof the Year for China New Energy (2017) Virtuous Leadership Award (2017) and 2021 China Energy Industry Leader (2021) . Mr. Zhu Yufeng graduated from George Brown College (Business Administration Faculty). Mr. Zhu Zhanjun, an executive Director of the Board, will remain as a vice chairman of the Board to assist Mr. Zhu Gongshan, the Chairman of the Board, in handling the affairs of the Board together with Mr. Zhu Yufeng.