China Energy Storage Technology Development Limited announced that Ms. Zhang Xiulin has been appointed as an independent non-executive Director and a member of audit committee of the Company with effect from 20 December 2023. The biographical details of Ms. Zhang are set out below: Zhang Xiulin Ms. Zhang'' aged 63, has over 20 years of experience in corporate management and human resources management. Ms. Zhang served as the executive vice president of Shanghai Resource Property Consultancy Co.

Ltd. from 2002 to 2010 from 2011 to 2013, she served as the general manager of Shanghai Fujie Decoration Construction Co. Ltd., which is a joint venture company of Shanghai Resource Property Consultancy Co. Ltd., where she was mainly responsible for the company's annual budget planning, guiding the establishment and improvement of the company's various management systems, as well as the organizing and planning of the company's important meetings and major events.

Ms. Zhang acted as the deputy secretary-general of the Shanghai Jiaxing Chamber of Commerce from 2013 to 2020, and was mainly responsible for event coordination and daily administrative management of the chamber. Ms. Zhang graduated from the Department of Business Management of Shanghai Polytechnic University in 1996 with a bachelor's degree, and later completed a postgraduate program in human resource development and management at East China Normal University in 2006. The Board announces that Ms. Zhang has been appointed as a member of the Audit Committee with effect from 20 December 2023.

Following the appointment of Ms. Zhang, (i) the Company has three independent non-executive Directors, thus the number of independent non-executive Directors meets the minimum number required under Rule 3.10(1) of the Listing Rules; and (ii) the Audit Committee has three members and all members are non-executive Directors, thus meets the requirement under Rule 3.21 of the Listing Rules.