On December 12, 2019, Orisun Acquisition Corp. announced that it had appointed Xiaocheng Peng to be Orisun's new Chief Financial Officer ("CFO") in succession of Lu Zhou, who has resigned from the same role, both effective as of December 11, 2019. On the same day, the Board of Directors (the "Board") of Orisun appointed Mr. Xiaocheng Peng to serve as a member of the Board.

Xiaocheng Peng, 31, has been employed by the Company since December 2019. Mr. Peng has served as an investment professional at Ms. Chen's family office, Everpower International Holdings Co. Ltd. since December 2015.

He focuses on high technology and entertainment opportunities and helps create strategic plans for target companies. Mr. Peng has led due diligence and prepared the related investment materials and analysis reports for target companies. He is also experienced in deal negotiation and post-investment management.