The board of directors of Sunpower Group Ltd. announced that Wang Guannan will be appointed as a Non-Executive and Non-Independent Director of the Company with effect from February 25, 2022. The board also announced that Liu Haifeng will cease as Non-Executive and Non-Independent Director of the Company with effect from February 25, 2022. Accordingly, Liu will also cease as a member of the Nominating Committee and Remuneration Committee with effect from February 25, 2022.

The board has appointed Wang Guannan as a member of the Nominating Committee and as a member of the Remuneration Committee.