The board of directors of Jintai Energy Holdings Limited announced that Mr. Chen Jinle has tendered his resignation as an executive Director, the
chairman of the Board and the chairman of the nomination Committee of the Company due to his needs devote more time and energy to his other business commitments with effect from 11 March 2022. The Board further announced that Mr. Han Jinfeng has been appointed as an executive Director, the Chairman and the chairman of the Nomination Committee with effect from 11 March 2022. Mr. Han is currently the chairman of the board of directors of Genting Petroleum (China) Co. Ltd. Following the resignation of Mr. Chen as the Chairman and the chairman of the Nomination
Committee, Mr. Han, has been appointed as the Chairman and the chairman of the Nomination Committee in place of Mr. Chen with effect from 11 March 2022. The Board believes that with Mr. Han's personal background and expertise, the appointment of Mr. Han as the Chairman is an appropriate arrangement in the interests of the shareholders of the Company as a whole.