The Board of CM Energy Tech Co., Ltd. announces that due to other job arrangements, (i) Mr. Wang Jianzhong (Mr. Wang) has resigned as a non-executive Director; and (ii) Mr. Chan Ngai Sang, Kenny (Mr. Chan) has resigned as an independent non-executive Director, with effect from 5 July 2024. Each of Mr. Wang and Mr. Chan has confirmed that he has no disagreement with the Board and there are no matters relating to his resignation that need to be brought to the attention of The Stock Exchange of Hong Kong Limited (the Stock Exchange) and/or the shareholders of the Company (the Shareholders). The Board announces that with effect from 5 July 2024: Mr. Chan ceased to be the chairman of the audit committee of the Board (the Audit Committee), a member of each of the nomination committee of the Board (the Nomination Committee), the remuneration committee of the Board (the Remuneration Committee) and the environmental, social and governance committee of the Board (the ESG Committee); and Mr. Xue Jianzhong has been appointed as the chairman of the Audit Committee.

The biographical details of Mr. Xue Jianzhong are set out as follows: Mr. Xue Jianzhong, aged 61, graduated from Henan Radio and Television University. He is a Certified Public Accountant in the People's Republic of China (the PRC), Certified Tax Agent in the PRC and an auditor in the PRC. He currently serves as a partner and director of Shenzhen Great Wall Certified Public Accountants Co., Ltd., and a member of the 7th Council of the Shenzhen Institute of Certified Public Accountants, director of Shenzhen Yongdao Taxation Firm Co., Ltd. and an executive director and general manager of Shenzhen Zhenzhong Industrial Development Co., Ltd. From 1983 to 1984, he served as an auditor at the Tanghe County Taxation Bureau in Henan Province; from 1985 to 1994, he successively served as an auditor and a deputy section chief in the Tanghe County Taxation Bureau, and a director of Tanghe County Audit Firm in Henan Province; from 1994 to 2005, he served as a partner and director of Shenzhen Yongming Accounting Firm; since 2005, he has been working as a partner and director at Shenzhen Great Wall Certified Public Accountants Co., Ltd. (including working as the chairman and general manager from 2011 to 2022); since 2003, he has served as an executive director and general manager of Shenzhen Zhenzhong Industrial Development Co., Ltd; since 2007, he has served as a director of Shenzhen Yongdao Taxation Firm Co., Ltd.; from 2014 to 2017, he served as the chairman and general manager of Shenzhen Guohua Investment Management Co., Ltd; from 2015 to 2017, he served as an executive director and general manager of Shenzhen Guohua Commercial Factoring Co., Ltd. In addition, Mr. Xue has been an independent director of Shenzhen LAY-OUT Planning Consultants Co., Ltd. since 2019 and an independent director of Shenzhen Chuangyitong Technology Co., Ltd. since 2021.

The Board further announces that Mr. Wu Wei has been appointed as the authorised representative to accept service of process and notices on the Company's behalf in Hong Kong pursuant to Rule 19.05(2) of the Listing Rules and under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) in substitution of Mr. Zhao Yinan with effect from 5 July 2024.