China Anchu Energy Storage Group Limited announced that Mr. Peng Zuncheng () ("Mr. Peng") has tendered his resignation as an executive Director and a member of the remuneration committee (the "Remuneration Committee") of the Company, with effect from 16 June 2023, as he intended to devote more time to his other business engagements. The Board further announce that Mr. Duan Huiyuan () (``Mr. Duan'') will be appointed as an executive Director, with effect from 16 June 2023. Mr. Duan, aged 48, has over 28 years of experience in the areas of project management, foreign trade, economic cooperation, investment promotion and industrial park development in both the public and private sectors.

Mr. Duan was the general manager in the Jiangning District of China Fortune Land Development Co. Ltd. (), a company listed on the Shanghai Stock Exchange (stock code: 600340), from January 2018 to December 2021.