The board of directors of GCL New Energy Holdings Limited announced that (i) Mr. He Deyong resigned as a non-executive Director with effect from 1 March 2021 due to change in work arrangement; and Mr. Fang Jiancai has been appointed as a non-executive Director with effect from 1 March 2021. Mr. Fang Jiancai served as deputy general manager and chief financial officer of GCL System Integration Technology Co. Ltd. since February 2021.