The board of directors of Cornerstone Technologies Holdings Limited announced that Mr. Li Man Keung Edwin ("Mr. Li") has been appointed as vice chairman of the Board with effect from 18 March 2022 to assist the Co-Chairmen of the Board, Mr. Wu Jianwei and Mr. Liang Zihao, to provide overall leadership in the strategic development and carry out executive functions including day-to-day business and operations management of the Group. Mr. Li will continue to hold the position of executive Director of the Company, be responsible for formulating the investment strategies in the electric vehicle business and overseeing fund raising planning and investors relations in Hong Kong.