Sunrise New Energy Co., Ltd. announced Mr. Ligang Lu, an independent director, notified the Company of his resignation from the board of directors of the Company on December 19, 2023, effective immediately. On December 22, 2023, the Corporate Governance and Nominating Committee of the Company recommended the appointment of Mr. Xin Zhang to fill the vacancy created by the departure of Mr. Ligang Lu, and to nominate Mr. Xin Zhang to be elected as a director at the Company?s upcoming annual shareholders? meeting.

Mr. Xin Zhang has served as the Director of Risk Control at Albamen Capital Partners since June 2020. Mr. Xin Zhang served as the Risk Control Manager at CPE Capital Partners (London/Paris) from March 2017 to May 2020, and served as the Head of Investment Team (UK) at CGN Europe Energy (London/Paris) from January 2013 to January 2017. Mr. Xin Zhang holds a Bachelor of Science from Zhejiang University in PRC, an MBA from the Freeman School of Business, Tulane University in USA, and a Master in Finance from the London Business School in London, UK.