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NEO Battery Materials Appoints Mr. Seok Hyung Lee as Independent Director

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NEO Battery Materials Ltd., a developer of cost-effective silicon anode materials that enhance the performance of lithium-ion batteries with longer run times and faster charging, is excited to announce the appointment of Mr. Seok Hyung Lee as an independent director for both the Company and its South Korean subsidiary, NBM Korea Co., Ltd.

Mr. Seok Hyung Lee is a distinguished South Korean attorney with an illustrious legal and public service career of over 50 years. Serving in many highly acclaimed legal positions, Mr. Lee was the Lead Attorney-at-Law for the Former South Korean President and the Seoul High Court Presiding Judge. As part of public service, he served in federal Ministerial-level roles, including Chairperson of the Press Arbitration Commission (Committee of the Ministry of Culture, Sports, and Tourism) and Audit Commissioner of the Board of Audit and Inspection (Direct Agency of the President of South Korea).

In addition to his legal roles, Mr. Lee has served as an Independent Director at HD Hyundai Electric, South Korea’s leading power generation and transmission company, and an affiliate of the global conglomerate HD Hyundai. He has also been an Independent Director at KB Capital and KB Asset Management, subsidiaries of South Korea's largest financial institution, KB Financial Group. Currently, he is the managing partner at Sangyung Law Firm and holds an LL.B. from Seoul National University College of Law.

As NEO’s independent director, Mr. Lee will oversee overall corporate governance and strategy and help the Company and NBM Korea navigate through South Korea’s legal and business environments. With an extensive network in politics, finance, and commerce, he will enable NEO to establish invaluable connections and gain further opportunities to build the Company’s battery business.

Mr. Spencer Huh, Director, President, and CEO of NEO, commented, “We extend our warmest welcome to Mr. Seok Hyung Lee, and we look forward to his valuable insights and leadership. Mr. Lee’s appointment aligns with the company’s commitment to securing highly qualified personnel to aid in the commercialization of NEO’s silicon battery technology. We are confident that Mr. Lee’s expertise and contributions will guide the Company through its next growth phase in the Asia-Pacific region”.

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