On August 22, 2023, Ms. Xiangyu Pei resigned from her positions as the Interim Chief Financial Officer and Secretary of CBAK Energy Technology, Inc. (the ?Company?), effectively immediately. Ms. Pei?s resignation was due to personal reasons and not because of any disagreement with the Company on any matter relating to the Company?s operations, policies or practices. Ms. Pei will continue to serve as a director on the Board of the Company and take on responsibilities in the Company?s finance department.

On August 22, 2023, the Board of Directors appointed Mr. Jiewei Li as the Chief Financial Officer and Secretary of the Company, effective immediately. Mr. Li, 33, has been the Company?s investor relations manager since 2021. Prior to joining the Company, from 2018 to 2021, Mr. Li had worked at multiple fund management companies in China where he focused on structuring various investment products.

Before that, from 2014 to 2018, he had worked for several renowned American real estate developers in their fund management departments, responsible for capital market affairs. Mr. Li received a Master?s Degree in Political and Public Administration from the Chinese University of Hong Kong in 2014.