“ Hanxi Chang has been serving as Caravelle’s Chief Executive Officer since July 8, 2024. He has a strong background in technology and energy management, with experience at China High-Trend Technology Co., Ltd. and Tianjin High-Trend Energy Management Co., Ltd. Mr. Chang obtained his Bachelor of Science degree in Business Administration from Northeastern University in 2022.”

“ Zi Xia has been serving as the Chief Financial Officer and a director of Caravelle since July 8, 2024. Ms. Xia is the Founder of Aiken International Technology Co., Ltd., an international low-carbon industry accelerator. She has a background in marketing and product development, with experience at Yike Talks and Willis Towers Watson. Ms. Xia obtained degrees from the University of Colorado and the University of Leicester.”

“ Christopher Renn has been serving as an independent director of Caravelle since July 8, 2024. Mr. Renn has also been a director of Professional Diversity Network, Inc. (Nasdaq: IPDN) since June 2022. He has experience in alternative assets, infrastructure finance, and real estate. Mr. Renn obtained a Master’s degree in Architecture from the Illinois Institute of Technology and graduated from the Advanced Management Program at Harvard University.”

“ Jing Sang has been serving as an independent director of Caravelle since July 8, 2024. Jing is the Founder and Executive Director of China Council for an Energy Efficient Economy (CCEEE). She has experience in energy efficiency and low carbon policy. Ms. Sang holds a Masters Degree in Law (LLM) from China Foreign Affairs University and she is an Innovation Leading Engineering PhD candidate in Tsinghua University (China).”