Ms. Iljasov will serve alongside Mr. Yifei Hou, who continues in his role as Co-Chief Executive Officer. In her new role, Ms. Iljasov will primarily oversee the Company's European operations and related strategic initiatives, while also having primary responsibility for the Company's ongoing efforts in information security and cybersecurity initiatives.

The appointment reflects the Company's continued global expansion and the Board of Directors' belief that a Co-Chief Executive Officer structure will further strengthen the Company's operational execution and international growth.

Ms. Iljasov has served as Head of Europe since September 2021, where she has been responsible for the Company's business operations and growth across the European market. Prior to that, she served as Head of Sales and Business Development for Europe. Before joining XCharge, Ms. Iljasov held positions at EVBox and E.ON Drive, focusing on business development and regional sales initiatives in Europe.