The board of directors of Risecomm Group Holdings Limited announced that with effect from 28 June 2024, Ms. Guo Lei has been re-designated from an executive Director to a non-executive Director due to her other work commitments. Following Ms. Guo's re-designation to a non-executive Director with effect from 28 June 2024, she has also ceased to be the chairman of the Board. Ms. Zhao has been appointed as an executive Director, the chairman of the Board, a member of the Remuneration Committee, a member of the Nomination Committee and an Authorised Representative and Mr. Tsang has been appointed as an executive Director.

Ms. Guo Lei, aged 56, was appointed as an executive Director, the chairman of the Board, a member of the Remuneration Committee and an Authorised Representative on 5 June 2023. Ms. Guo was further appointed as a member of the Nomination Committee on 26 October 2023. Ms. Guo was appointed as a director of Risecomm Microelectronics (Shenzhen) Co.

Ltd., Risecomm Holding Co. Limited,Risecomm Technology Co. Limited Risecomm Co.

Ltd.,Harvest Year Global Limited, and Prime Key Holdings Limited in September 2023. In addition, she was appointed as a chairman of the board of Risecomm WFOE in September 2023. She was appointed as a general manager of Risecomm in October 2023.

Ms. Guo was also appointed as a director of Shangyi International Limited on 4 January 2024, a director of Zhongyi International Limited on 27 March 2024, and a director of Zhongyi International Limited on 29 April 2024. With effect from 28 June 2024, Ms. Guo resigned from all such positions. Ms. Guo obtained a bachelor degree in philosophy and a master degree in business administration from Nanjing University in July 1989 and March 2001, respectively.

Ms. Guo possesses rich experience in the new energy industry. From 2005 to 2006, Ms. Guo was the deputy general manager of Jiangsu New Energy Development Co., Ltd, a company listed on the Shanghai Stock Exchange (stock code: 603693), she then became the general manager of Jiangsu New Energy since 2007. From 2015 to 2021, she was appointed as the general manager and chairman of Jiangsu New Energy.

From 2021 to 2022, Ms. Guo acted as an external director of Jiangsu Guoxin Group. Ms. Guo obtained a qualification of senior economist issued by the Personnel Department of Jiangsu Province in December 2001. Ms. Zhao Luyi, aged 37, possesses rich experience in investment and management.

From 2009 to 2012, Ms. Zhao was a project manager in EV Capital Pte. Ltd., which was engaged in management consultancy services and corporate finance advisory services in Singapore. From 2012 to 2014, Ms. Zhao was the investment director of Shanghai Halo Capital, which was engaged in investment fund management and advisory services.

Since 2014, Ms. Zhao acted as an executive director of Ho Hau Financial Leasing (Shanghai) Co. Limited. Since 2015, she also acted as an executive director of Shanghai IHOME Investment Development Co.

Limited . Ms. Zhao has a master degree in finance. On 28 June 2024, Ms. Zhao was appointed as a director of each of Risecomm HK, Risecomm HK Technology, Old Cayman, Harvest Year Global Limited and Prime Key Holdings Limited, and as a general manager of Risecomm subsequent to the resignation of Ms. Guo from such positions on the same day.

Mr. Brian Wah Tak Tsang, aged 40, possesses over 15 years of experience in the fields of insurance, financial services and management. From 2008 to 2011, Mr. Tsang worked as financial advisor in CBS Insurance Inc. He further acted as financial advisor for Affinity Financial Services Inc. since 2012. He is also currently an executive director of Enrich Developments which is engaged in real estate development in Canada.

Mr. Tsang achieved a qualifying member of the Million Dollar Round Table from 2014 to 2016, and became a member of the Top of the Table in 2021. Mr. Tsang is a licensed person authorized by the Insurance Council of British Columbia to carry on insurance business. The Board announced that with effect from 28 June 2024: the re-designation of Ms. Guo as a non-executive Director, Ms. Guo has ceased to be an authorised representative of the Company.

Ms. Zhao has been appointed as an Authorised Representative. Following the re-designation of Ms. Guo, together with the appointment of Ms. Zhao and Mr. Tsang, with effect from 28 June 2024, the composition of the following Board committees has been changed as follow: Ms. Guo has ceased to be a member of the Remuneration Committee and a member of the Nomination Committee and Ms. Zhao has been appointed as a member of the Remuneration Committee and a member of the Nomination Committee.