GCL New Energy Holdings Limited announced that Mr. Wang has retired from office as an independent non-executive Director with effect from the conclusion of the AGM and Mr. Wang will no longer hold any position in the Company. Mr. Wang has confirmed that there is no disagreement with the Board and that there is no matter relating to his Retirement that needs to be brought to the attention of the Shareholders. Following the Retirement of Mr. Wang and his cessation to act as a member of the Audit Committee, the Remuneration Committee, the Nomination Committee and the Strategic Planning Committee of the Company, Dr. Chen Ying, an independent non-executive Director will take up the role of a member of the Audit Committee, the Remuneration Committee and the Nomination Committee of the Company with effect from the conclusion of the AGM.