The board of directors of Golden Solar New Energy Technology Holdings Limited announced that with effect from 14 June 2024, Mr. Leung Tsz Chung (?Mr. Leung?) has stepped down from his positions as an executive Director and the chairman of the Board due to his other work arrangement. The Board announced that with effect from 14 June 2024, Mr. Kang Chuang (?Mr. Kang?), the chief financial officer of the Company, has been appointed as an executive Director. Mr. Kang, aged 39, served as the chief financial officer of the Group since 16 March 2021 and has served an important role in the commercialization of the Group's flexible and bendable solar module technology and solar awning products especially in the American and European market.

Mr. Kang is leading the Group's international sales team to partnerships with several major manufacturers and distributors of recreational vehicles (?RV?) and RV accessories in the United States of America, Europe and Australia, with the goal of expediting mass adoption of the Group's flexible solar awning products in these markets. Mr. Kang also works closely with the Group's research and development team, product and marketing team to expand the Group's flexible solar product category to include more user scenarios. Mr. Kang has extensive investment banking and corporate finance experience particularly in solar and technology sector.

Prior to joining the Group, he worked as Director of Corporate Finance at GS Power (Hong Kong) Company Limited, Vice President of Merger and Acquisition at Mizuho Securities Asia Limited and held managerial positions in other international financial institutions. Mr. Kang obtained a Master's Degree of Arts in International Business and Development Studies from Sophia University in Japan in September 2010 and a Bachelor's Degree in Commerce with a major in Finance from the University of Queensland in Australia in July 2007. Mr. Leung has stepped down from his position as the Chairman and Mr. Kang has been appointed as the Chairman with effect from 14 June 2024.

The Board further announced that Mr. Leung has stepped down from his position as the authorized representative of the Company due to his other work arrangement, with effect from 14 June 2024. As a result of the abovementioned change, Mr. Kang has been appointed as the Authorized Representative with effect from 14 June 2024.