The board of directors of Tianjin Tianbao Energy Co., Ltd. announces that Ms. JIAO Dongxu has been elected as an employee representative supervisor ("Employee Representative Supervisor") of the second session of the board (the "Supervisory Board") of supervisors (the "Supervisors") of the Company at the employees assembly of the Company held on January 11, 2022. The term of office of Ms. JIAO shall commence from January 11, 2022 till the expiry of the term of the second session of the Supervisory Board.