China Smarter Energy Group Holdings Limited announced that with effect from 15 March 2021, Mr. Xu Daivd Hua ("Mr. Xu") has been appointed as chief executive officer. Mr. Xu was the chief executive officer and chief operating officer of Jiawei New Energy Co. Ltd. from March 2006 to December 2010. From March 2011 to December 2013, Mr. Xu was the vice chief executive officer of Shanghai Gorgeous Investment Development Company Limited, and from 2014 onwards, Mr. Xu joined Shanghai Guxin Asset Management Co. Ltd. and holds the position of chief executive officer. Mr. Xu has entered into a letter of appointment for his position as executive director, chairman of the Board and chief executive officer with no specific term commencing from 15 March 2021, which may be terminated by either party giving to the other not less than one month's prior notice in writing.