Tianjin Tianbao Energy Co., Ltd. announced at its extraordinary general meeting held on November 1, 2019 approved the appointment of Ms. Dong Guangpei as a non-executive Director of the first session of the Board. With effect from November 1, 2019, being the date on which the appointment of Ms. Dong Guangpei became effective, Mr. Wu Tao ceased to be a non-executive Director and a member of the Audit Committee. The Board has also approved the appointment of Ms. Dong Guangpei as a member of the Audit Committee since her appointment as a non-executive Director takes effect.