The board of directors of China Shuifa Singyes Energy Holdings Limited announced that Ms. Li Li has resigned as a Non-Executive Director due to her other business commitments with effect from 16 October 2023. The Board announced that Mr. Hu Xiao ("Mr. Hu") has been appointed as a Non-Executive Director with effect from 16 October 2023 Mr. Hu, aged 32, a Certified Public Accountant in China, serves as a senior Supervisor of the Capital Operations Department in Shuifa Group Co. Ltd., a controlling shareholder of the Company, a position he has taken since June 2022.

From January 2018 to July 2019, Mr. Hu held the position of Senior Investment Manager at Beijing Fangyuan Jinding Investment Management Co. Ltd. From October 2019 to November 2020, Mr. Hu assumed the role of Investment Director at Shandong Qiangwei Peridot Equity Investment Fund Co. Ltd. From December 2020 to May 2022, Mr. Hu became the Deputy Manager of the Market Development Department at ShuiFa Shangshan Group Co.

Ltd. Mr. Hu graduated from Shandong University of Finance and Economics and holds a Master's Degree in World Economics from Liaoning University. He has been recognized as an outstanding graduate of Shandong Province and has received a national scholarship.