The board of directors of China Shuifa Singyes Energy Holdings Limited announced that Mr. Wang Dongkai has been appointed as an executive Director, the Chairman of the Board, a member of the remuneration committee of the Company and the chairman of the nomination committee of the Company with effect from 27 April 2023. The biographical details of Mr. Wang are as follows: Mr. Wang Dongkai, aged 48, has served as a member of the party committee and deputy general manager of Shuifa Group Co. Ltd., a controlling shareholder of the Company, since March 2023.

From January 2022 to March 2023, he served as a member of the party committee and deputy general manager of Shandong Property Rights Exchange Group Co. Ltd.; and from March 2020 to January 2022, he served as a member of the party committee and deputy general manager of Shandong Property Rights Exchange Center Co. Ltd. He served as a member of the party committee and deputy general manager of Shandong Guohui Investment Co.

Ltd. from January 2017 to March 2020. Mr. Wang holds a master's degree in public administration awarded by Shandong University of Finance and Economics, and holds the qualification of senior economist. He has more than 20 years of experience in corporate management.

Pursuant to the service agreement entered into between the Company and Mr. Wang, he has been appointed for a term of three years commencing from 27 April 2023 and is subject to the provision of retirement by rotation and re-election at the annual general meeting of the Company at least once every three years in accordance with the bye-laws of the Company.