The board of directors of GCL New Energy Holdings Limited announced that Mr. Tong Wan Sze has tendered his resignation as an executive Director, a member of the corporate governance committee and the investment committee of the company; the chief financial officer of the company, the company secretary of the company; and one of the authorised representatives of the company as required under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) for accepting service of process and notices on behalf of the company with effect from 4 January 2019 due to the need of spending more time on his personal career development. Following the resignation, Mr. Ho Yuk Hay has been appointed as the Company Secretary and the authorised representative of the company under the Listing Rules and the Companies Ordinance with effect from 4 January 2019. Ms. Hu Xiaoyan, an executive Director, will be functionally responsible for the finance duties of Mr. Tong.

Mr. Ho joined group as the financial controller since October 2015.