China Boqi Environmental (Holding) Co., Ltd. announced that with effect from 12 July 2024, Mr. Lu Zhifang ("Mr. Lu") resigned as an independent non-executive Director in order to allocate more time to his other work duties and personal endeavours. The Board announced that Mr. Li Tao ("Mr. Li") has been appointed as an independent non-executive Director with effect from 12 July 2024. Mr. Li, aged 57, currently serves as the vice president of Greater China Region and Head of Government and Public Affairs Department at Philips (China) Investment Co., Ltd., chairman of Philips Healthcare Technology (China) Co.

Ltd. and Head of Beijing Branch of Philips (China) Investment Co., Ltd. From 1989 to 1997, Mr. Li served as assistant engineer, engineer, and senior engineer in the laser technology research department of the 11th Research Institute of the Ministry of Electronics Industry (now known as the China Electronics Technology Group Corporation). From 1998 to 2018, Mr. Li worked at IBM China for 20 years, holding various positions including the business general manager of IBM China channel cooperation department, channel manager of IBM software department, China regional manager of rational software department, general manager of local government business in IBM China, general manager of smart city business in IBM Greater China Region, director of IBM China Government Innovation Institute, and general manager of technology cooperation government business in IBM China. In April 2018, Mr. Li joined Philips (China) Investment Co., Ltd. as the general manager of Innovation Business and Strategic Cooperation, being responsible for government relations and market access teams in Greater China Region.

In December 2021, Mr. Li was appointed as an international trade and investment consultant by the government of Shandong Province. Mr. Li is also concurrently the vice chairman of China Association of Medical Equipment, and an executive director of China Research Hospital Association. Mr. Li graduated from Northwest Telecommunications Engineering Institute (now known as Xidian University) with a Bachelor's degree in Electronic Engineering in 1989.

The Board further announces that following Mr. Lu's resignation as an independent non-executive Director and appointment of Mr. Li as an independent non-executive Director with effect from 12 July 2024: (a) Mr. Lu ceased to be the chairman of the remuneration committee of the Company and a member of the nomination committee of the Company; and (b) Mr. Li has been appointed as the chairman of the remuneration committee of the Company and a member of the nomination committee of the Company.