Tianjin Tianbao Energy Co., Ltd. Ms. Xue Xiaofang who has reached the retirement age, that she will cease to be a supervisor representing the shareholders of the Company and the chairperson of the Supervisory Board of the Company. Upon the retirement of Ms. Xue, the number of the Supervisory Board members will fall below the statutory requirements. As such, Ms. Xue will continue to perform her duties as a Shareholder Representative Supervisor and her retirement will take effect on the date of approval by the Shareholders for the appointment of a new Supervisor. At the meeting of the Supervisory Board held on September 27, 2021, the Supervisory Board considered and resolved to submit a resolution in relation to the election of Mr. Peng Chong as a Shareholder Representative Supervisor of the second session of the Supervisory Board for consideration and approval by way of an ordinary resolution by the Shareholders at an extraordinary general meeting to be convened by the Company.