The board of directors of StarGlory Holdings Company Limited announced that: Mr. Feng Xingwei ("Mr. Feng") and Ms. Liao Sijie ("Ms. Liao") have resigned as independent non-executive Directors with effect from 11 December 2023; Mr. Feng has ceased to be a member of the audit committee of the Board (the "Audit Committee"), nomination committee of the Board (the "Nomination Committee") and corporate governance committee of the Board (the "Corporate Governance Committee") with effect from 11 December 2023; Ms. Liao has ceased to be a member of the Audit Committee and the chairlady of the remuneration committee of the Board (the "Remuneration Committee") with effect from 11 December 2023; Ms. Pang Xiaoli ("Ms. Pang") and Ms. Zhang Wenjuan ("Ms. Zhang") have been appointed as independent non-executive Directors with effect from 11 December 2023; Ms. Pang has been appointed as a member of the Audit Committee, the Nomination Committee and the Corporate Governance Committee with effect from 11 December 2023; and Ms. Zhang has been appointed as a member of the Audit Committee and the chairlady of the Remuneration Committee with effect from 11 December 2023. Ms. Pang Xiaoli age 45, obtained a bachelor degree in economics from Dongbei University of Finance and Economics in July 2002 and a master degree in executive master of business administration from Cheung Kong Graduate School of Business in September 2018. From July 2018 to August 2020, Ms. Pang served as an executive director, the chief executive officer, compliance officer and authorised representative of Greatwalle Inc., which engaged in, among others, security guarding, property management, business advisory and asset management services.

From May 2013 to August 2020, Ms. Pang was the executive director and chief financial officer of Shenzhen Great Walle Investment Corp. Ltd. Since November 2022, Ms. Pang has been acting as an executive director and general manager of Shenzhen Luchi Nanjiang Private Equity Fund Management Co. responsible for overall operation of the company.

Ms. Zhang Wenjuan age 36, has over seven years of experience in electric power industry. Ms. Zhang obtained a bachelor of business in hotel management from the Griffith University in Australia in December 2012. Before joining the Company, from March 2020 to February 2023, Ms. Zhang served as an officer of the strategic development department in Hua Zhong State Power Group Co.

Ltd. (Beijing Branch) which engaged in, among others, purchase and sale of electricity, construction and operation of power grids, substations and power facilities, research and development related to power supply, new energy development and power engineering. From January 2016 to December 2019, Ms. Zhang served as a marketing management specialist the technical department in of Beijing Ecom-Rise Energy Technology Co. Ltd. which engaged, in, among others, supply of new energy and industrial electricity.

From March 2013 to December 2015, Ms. Zhang served as a clerk in Guodian Zhongshang Suniteyou Banner Windpower Co. which engaged in, among others, development, construction, operation, maintenance. Following the resignation of Mr. Feng, he has ceased to be a member of the Audit Committee, the Nomination Committee and the Corporate Governance Committee with effect from 11 December 2023.

Following the resignation of Ms. Liao, she has ceased to be a member of the Audit Committee and the chairlady of the Remuneration Committee with effect from 11 December 2023. Subsequent to the appointment of Ms. Pang as an independent non-executive Director, Ms. Pang has been appointed a member of the Audit Committee, the Nomination Committee and the Corporate Governance Committee with effect from 11 December 2023. Subsequent to the appointment of Ms. Zhang as an independent non-executive Director, Ms. Zhang has been appointed a member of the Audit Committee and the chairlady of the Remuneration Committee with effect from 11 December 2023.