IRICO Group New Energy Company Limited announces that Mr. Huang Weihong ("Mr. Huang") will cease to act as the secretary to the Board of the Company as he intends to devote more time to his other work commitments in the Company, with effect from 13 May 2024. The Board also announces that Mr. Niu Xinchun ("Mr. Niu") was appointed as the secretary to the Board of the Company with effect from 13 May 2024 until the expiry of the term of the Company's fifth session of the Board. The biographical details of Mr. Niu are set out as follows: Mr. Niu Xinchun: aged 44, joined the Group in August 2003.

He has a bachelor's degree, is an engineer and a member of the Communist Party of China. He is currently the director of the general manager's office and the director of the office of the party and labor relations of the Company. He previously served as an assistant engineer and engineer in the new product development office, the head of the preparation team of the high frequency transformer project, the workshop director, the production supervisor and the technical supervisor of the Xi'an plant of Xi'an IRICO Zixun Co.

Ltd. the production manager of Xianyang IRICO Digital Display Co. Ltd. (during which he was also the production manager of the module manufacturing department of Jiangsu Yongneng Photovoltaic Technology Co. Ltd. and the production manager of the module sub-factory of Shanxi Lu'an Solar Photovoltaic Technology Co.

Ltd., the chief production coordinator of Xianyang IRICO Solar Photovoltaic Technology Co. Ltd. the business supervisor, the business manager, the assistant to the director of the investment and operation department, and the vice-director (presiding over work) of the general manager's office of the Company and etc. The Board also announces that (i) Mr. Chen Xiaoning ("Mr. Chen") resigned as the shareholder representative supervisor of the Company (the "Shareholder Representative Supervisor") and the chairman of the supervisory committee of the Company (the "Supervisory Committee") as he intends to devote more time to his work commitments in IRICO Group Company Limited ("IRICO Group"); (ii) Mr. Zhao Lefei ("Mr. Zhao") resigned as the employee representative supervisor of the Company (the "Employee Representative Supervisor") due to his work adjustment.

Mr. Jiang A'he and Mr. Huang Zhen will continue to serve as the Shareholder Representative Supervisors, and Ms. Zhang Li will continue to serve as the Employee Representative Supervisor. Mr. Chen and Mr. Zhao have confirmed that they have no disagreement with the Board and the Supervisory Committee and there is no matter concerning their resignations from the aforesaid positions that needs to be brought to the attention of the shareholders of the Company (the "Shareholders"). The Board further announces that Mr. Luo Hongwei ("Mr. Luo") was elected as an Employee Representative Supervisor at the employee representative meeting of the Company in accordance with the letter issued by the labor union of the Company on 13 May 2024.

The term of office of Mr. Luo shall commence from 13 May 2024 until the expiry of the term of the fifth session of the Supervisory Committee. Mr. Luo Hongwei: aged 46, joined the Group in August 2001. He has a bachelor's degree, is a member of the Communist Party of China and a senior accountant.

He is currently the director of the finance department of the Company. He previously served as an accountant of the finance department of IRICO Group, the financial manager of IRICO Electronic Accessories Co. Ltd.), the financial manager of IRICO Electron Gun Factory the financial manager of IRICO (Hefei) Photovoltaic Co.

Ltd. the director of the finance department of IRICO Photovoltaic Glass Factory, the chief financial officer of Shaanxi IRICO New Material Co. Ltd., the director of the finance department of the Company and the chief financial officer of IRICO (Yan'an) New Energy Co. Ltd. and etc.