On April 24, 2024, Michael H. Liu notified the board of directors of Tristar Acquisition I Corp. of his resignation as Director of the Company, effective on April 23, 2024. Mr. Liu resigned in connection with a disagreement with Chunyi (Charlie) Hao, the President and Chairman of the Board of the Company.

On April 29, 2024, the directors of the Company appointed Xiaoma (Sherman) Lu, the Company?s Chief Executive Officer, as a director of the Company, to fill the vacancy left by Mr. Liu?s departure, effective on April 29, 2024. Mr. Lu is assigned to the third class of directors.   Xiaoma (Sherman) Lu has served as its Chief Executive Officer since September 11, 2023.

Mr. Lu is a founding partner and has been a managing director of East Stone Capital Limited, a private equity firm focusing on emerging industries, since October 2017. From January 2017 to November 2017, Mr. Lu served as the Executive Vice president of Kangde Investment Group, a Chinese company engaging in new energy and financial services and capital investment. Prior to that, Mr. Lu served as the Chief Executive Officer of Wanda Investment Company and Vice President of Wanda Financial Group, the investment and financial arms of Wanda Group, a Chinese multinational conglomerate in the real estate, hospitality, retailing, entertainment and heath care, responsible for business expansion, capital investment, and cross board merger and acquisition in commercial real estate and entertainment business from May 2015 to December 2016.

Mr. Lu served as the Executive Vice President of Shenzhen Stock Exchange, one of the two primary stock exchanges in China, overseeing public company governance, product development and international businesses from November 2012 to May 2015. Prior to Shenzhen Stock Exchange, Mr. Lu was a full-time non-executive board director, representing Central Huijin Investment Co, at China Construction Bank from August 2010 to November 2012. Mr. Lu has also served in various positions and in different functions at State Street Corporation from May 2000 to August 2010, a financial services and bank holding company headquartered in Boston with operations worldwide.

Currently, Mr. Lu serves as independent non-executive director on the board of NWTN Inc., which completed a business combination with East Stone Acquisition Corporation in November 2022 and for which Mr. Lu served as Chief Executive Officer and a director prior to the business combination. He also serves as an independent director on the boards of Forgame Holdings Limited (HK.0484), a China-based gaming, trading and development company, Sailing Henan Investment, a private investment company, and Bank of China International (China) Co, Limited (601696.SH), an affiliate of Bank of China, which offers investment banking and securities brokerage services in China. From June 2017 to August 2022, Mr. Lu served as an independent director on the board of Yango Group Co.

Ltd. (000671.SZ), a China-based company principally engaged in real estate development. Mr. Lu received his Bachelor?s and Master?s degree in thermal engineering from Tsinghua University in Beijing, China and an MBA degree from Boston College. Mr. Lu is well qualified to serve as the Company?s director due to his prior experience serving on public company boards and his extensive investment and financial experience.