The Board of Sunpower Group Ltd. announce that Mr. Guo Hong Xin ("Mr. Guo") has stepped down from his current position as Executive Chairman of the Company and has been re-designated to Non-Executive and Non-Independent Director of the Company. Mr. Guo will continue to provide support and assistance to the Group in his re-designated capacity as a Non-Executive and Non-Independent Director of the Company. Further, as disclosed in Paragraph 2.5 of the Circular and announced by the Company on 30 April 2021, Ms. Ge Cui Ping, the Chief Financial Officer of the Group, Ms. Jiang Yanyun, the Senior Vice President of the Group and Mr. Chen Kai, the Chief Investment Officer of the Group, along with five (5) other general managers who have been primarily involved in the management and development of the Group's M&S Business, have ceased to carry on their respective positions in the Group and have taken up positions in the Purchaser with effect from 30 April 2021. Following the resignation of Ms. Ge Cui Ping as the Chief Financial Officer, the Company also announced, on 30 April 2021, the promotion and appointment of Ms. Wang Hui as the Chief Financial Officer of the Group.