Tristar Acquisition I Corp. announced that on April 24, 2024 Michael H. Liu notified the board of directors of his resignation as Chief Financial Officer of the Company, effective on April 23, 2024. Mr. Liu resigned in connection with a disagreement with Chunyi (Charlie) Hao, the President and Chairman of the Board of the Company.

On April 29, 2024, the directors of the Company appointed Chunyi (Charlie) Hao, the Company?s President and Chairman of the Board of Directors, as the Chief Financial Officer of the Company, effective on April 29, 2024. Chunyi (Charlie) Hao has been its President and has served as the Chairman of its Board of Directors since September 2023, and prior to that he served as its Chief Executive Officer and director from July 2023 to September 2023. He is a founding partner and has been a managing director of East Stone Capital Limited, a private equity firm focusing on emerging industries, since October 2017.

He has also served as a director of Finnovate Acquisition Corp. Most recently, Mr. Hao served as Chairman of the Board and Chief Financial Officer of East Stone Acquisition Corporation from August 2018 through November 2022, when it completed its business combination with NWTN Inc. Mr. Hao has served as chief executive officer and president of Shandong Haizhishe Energy Engineering Co. Ltd., a solar and wind engineering company in China, and was in charge of the daily operations and business development of the company from December 2015 to March 2019.

Prior to that, Mr. Hao was an investment officer of Shanghai Guxin Investment Limited, a firm engaging in the investment of solar farms across China, from 2014 to June 2015. He served as chief financial officer at Delphi Automotive Corp. (Saginaw Steering System) (?Delphi?) of General Motors Inc., overseeing joint venture operation across China and Asia Pacific from 1995 to 1998.

Mr. Hao is an independent director of Cogobuy Group PLC, an e-commerce platform and distributor for electronic goods in China. He served as chief executive officer and director at China Fundamental Acquisition Corporation and a board director and president of China operations at Asia Automotive Acquisition Corporation, two SPACs in 2008 and 2006, respectively. Mr. Hao received his Bachelor?s degree in French from Beijing Language and Culture University, a Master of Arts degree from the University of Notre Dame and an MBA degree from Pace University.