On November 4, 2022, the board of directors of Powerbridge Technologies Co., Ltd. announced the following changes in directors of the Company and members of the board committees of the Company, each of which took effect on October 28, 2022: the resignation of Mr. Ruizhong Jiang (“Mr. Jiang”) as an independent director of the Company and the cessation as the Chairman of Nominating Committee of the Company due to his personal reason; the appointment of Ms. Yuxia Xu as an executive director the Company; and the appointment of Mr. Haoqing Su as an independent director and the Chairman of Nominating Committee. Mr. Jiang's resignation is not a result of any disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.