The board of directors of Ruifeng Power Group Company Limited announced the following changes of the Board and Board Committees. The Board announced that Mr. Wei Anli ("Mr. Wei") has resigned as an independent non-executive Director, the chairman of the nomination committee (the "Nomination Committee") and a member of the audit committee (the "Audit Committee") of the Company with effect from 30 July 2021 due to his other work commitments which require more of his dedication and time. Mr. Wei confirmed that he has no disagreement with the Board and there is no other matter which needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited in relation to his resignation. The Board announced that with effect from 30 July 2021, Mr. Wan Ming ("Mr. Wan") has been appointed as an independent non-executive Director, the chairman of the Nomination Committee and a member of the Audit Committee. The biographical details of Mr. Wan are as follows: Mr. Wan Ming, aged 51, obtained a degree of Computer Application from National University of Defense Technology in 1991. From September 1992 to October 1993, Mr. Wan served as a engineer of the Shenzhen Giant New Technology Co. Ltd. Since November 1993, Mr. Wan worked at Shenzhen Jiyatong Industrial Co. Ltd. with his current position as the manager. Mr. Wan has over 27 years of experience in the fields of business development and automobile in China. Mr. Wan has entered into a letter of appointment with the Company pursuant to which Mr. Wan has been appointed as an independent non-executive Director for a term of three years commencing from 30 July 2021, terminable by giving not less than three months' written notice served by either the Company or Mr. Wan expiring at the end of the initial term or thereafter. His appointment is subject to retirement by rotation and re-election at the general meeting of the Company in accordance with the articles of association of the Company. Mr. Wan is entitled to a total remuneration of HKD 120,000 per annum for his appointment as an independent non-executive Director. The remuneration was determined by the Board based on the recommendation of the Remuneration Committee with reference to Mr. Wan's experience, duties, responsibilities and the prevailing market conditions as well as the remuneration package offered to the other independent non-executive Directors.