The board of directors of Concord New Energy Group Limited announced that Mr. Zhai Feng has been appointed as an executive Director with effect from 16 January 2020. Mr. Zhai, joined the Group in December 2019 and is currently a vice president of the Company. He had been the secretary of the board, a vice president and a director in Shanghai Shenhua Holdings Co. Ltd. (the shares of which are listed on the Shanghai Stock Exchange) from June 2003 to December 2019. He was also a supervisor of China Guangfa Bank Co. Ltd. from June 2011 to November 2018 and a director of Jinbei Automotive Co. Ltd. (the shares of which are listed on the Shanghai Stock Exchange) from May 2004 to April 2009.