The board of directors of GCL New Energy Holdings Limited announced Mr. Cheng Man Wah has tendered his resignation as the company secretary of the company; one of the authorised representatives as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and one of the authorised representatives for accepting service of process and notices on behalf of the company as required under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Companies Ordinance") and Rule 19.05(2) of the Listing Rules, of the company with effect from 23 February 2018 due to devote more time on his personal endeavours. Mr. Cheng has confirmed that there is no disagreement with the Board and that there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the company. Following the resignation, Mr. Xing Jun has been appointed as the company secretary, the authorised representative under the Listing Rules and the authorised representative under the Companies Ordinance with effect from 23 February 2018. Mr. Xing joined the company in October 2017 and is currently the assistant vice president of the Company. He is an associate member of the Hong Kong Institute of Chartered Secretaries and the Institute of Chartered Secretaries and Administrators in the United Kingdom and also a charterholder of Chartered Financial Analyst.