Tianjin Tianbao Energy Co., Ltd. announced that at the EGM held on May 30, 2022 Mr. YAO Shen has been approved to be appointed as an executive Director of the second session of the Board. The term of office of Mr. YAO will commence from the date of approval by the Shareholders at the EGM until the expiry of the term of the second session of the Board. Due to job arrangements, Mr. XING Cheng has ceased to serve as an executive Director upon the appointment of Mr. YAO as an executive Director at the EGM.