On October 5, 2021, Mr. Mao Zhang resigned from his position from the Board of Directors of Lithium & Boron Technology, Inc. Mr. Zhang’s resignation was not due to any disagreement with the Company’s operations, policies or practices. Mr. Jimin Zhang, currently the Chief Executive Officer and director of the Company will assume the position of Chairman of the Board of Directors. Mr. Zhang will not be paid an additional salary as Chairman. Mr. Jimin Zhang, 56 years old, has been the Chief Executive Officer of the Company since December 31, 2018. Prior to that time Mr. Zhang has been the managing director of the Zhang’s family office. Since March of 2018, Mr. Zhang served as a financial and operations consultant to Qing Hai Mining and supervised the carve out of Qing Hai Technology from Qing Hai Mining. On October 5, 2021, Mr. Xudong (“Rhett”) Wang, currently the Chief Financial Officer of the Company, was appointed as a member of the Board of Directors of the Company.