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Erik Anderson

Hyzon Motors Inc. (NASDAQ: HYZN), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles (FCEVs), today announced its Board of Directors elected Erik Andersonas Chairman of the Board of Directors, effectiveAugust 24, 2023. Anderson replacesGeorge Gu, who resigned his position. The Board also electedAndrea Faraceas Vice Chairman of Hyzons Board.

I believe Hyzon is a truly exceptional company that is helping accelerate the hydrogen transition and commercialization with its proven fuel-cell technology and superior performance, saidErik Anderson, incoming Chairman of Hyzons Board of Directors. I am thrilled to continue working with the entire team in this new role to help advance the companys compelling mission for the environment, the decarbonization industry and investors alike.

Anderson who has served on Hyzons Board of Directors since 2021 is known as a global innovation leader and investor, with leadership roles spanning various sectors. As Founder and CEO of WestRiver Group, Anderson has vast experience propelling business growth, expanding organizational reach, and securing capital for growth-stage companies. He ledfourSpecial Purpose Acquisition Companies (SPACs) in the decarbonization space, seeking to identify impactful companies with scalable solutions to decarbonize the global economy. He also serves as Vice Chairman of Topgolf Callaway Brands and was previously the Executive Chairman of Topgolf Entertainment Group. Anderson also holds the position of Executive Chairman at Singularity Group, a global community leveraging exponential technologies to address the worlds most pressing challenges. His accolades include the EY Entrepreneur of the Year Award, being named by Goldman Sachs as one of the Top 100 Most Intriguing Entrepreneurs, and receiving the Transformative CEO Award by The CEO Forum Group.

Id like to express our deep gratitude to George for his dedication and leadership since Hyzons founding in his role as Chairman, saidParker Meeks, Hyzons Chief Executive Officer.

As we look to the future, Erik brings proven experience and capabilities to this position, especially when it comes to driving commercialization, scaling companies, and raising capital. I look forward to working with him to help advance our companys goals as we continue streamlining our core business units, enhancing our fuel-cell technology, and driving forward our ongoing commercialization.

Andrea Farace, incoming Vice Chairman of the Board, is an accomplished executive and leader with a long global career spanning more than 40 years in finance and general business management, including 20 years at Citigroup as Chief Executive officer or Chief Operating Officer of a number of institutional businesses. He has substantial background in corporate governance, having chaired or been a member of multiple public and private boards, including those of regulated businesses. He is currently Chairman of the Board of HBL Bank UK, a regulated full-service UK bank, and member of the board of two fintech companies based in the UK,Germany, andItaly. He also brings a unique global perspective to Hyzon, having managed in his career financial and industrial businesses in the US, UK, Central Eastern Europe,Middle East,Africa,Italy,Japan, andAsia.

George Gu, who is leaving Hyzon to pursue other personal and professional endeavors, expressed optimism for the future of Hyzon. Im proud of Hyzons accomplishments so far in their mission to decarbonize the transportation industry and our global climate. I have full confidence in the strength of the new management team and the Board of Directors.

About HyzonHyzon Motors is a global supplier of high-power fuel cell technology focused on integrating its solutions into zero-emission heavy-duty fuel cell electric vehicles. Utilizing its proven and proprietary hydrogen fuel cell technology, Hyzon aims to supply zero-emission heavy duty trucks to customers inNorth America,Europe,Australia, andNew Zealandto mitigate emissions from diesel transportation one of the single largest sources of global carbon emissions. Hyzon collaborates with partners across the hydrogen value chain to bring clean hydrogen to the market to support fuel cell vehicle deployments. Hyzon is contributing to the adoption of fuel cell electric vehicles through its demonstrated technology advantage, fuel cell performance and history of rapid innovation. Visitwww.hyzonmotors.com.

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