Boer Power Holdings Limited announced that Mr. Yu has been appointed as an executive Director of the company with effect from January 8, 2021. Mr. Yu has also been appointed by Mr. Zha, an executive Director of the company, as his alternate Director with effect from January 8, 2021. Mr. Yu, aged 36, obtained a bachelor's degree in business administration from the Hong Kong University of Science and Technology in 2006. Mr. Yu is a fellow member of the Hong Kong Institute of Certified Public Accountants. He has over 14 years of experience in professional accounting and corporate advisory services. Mr. Yu will be primarily responsible for assisting Mr. Qian Yixiang, the chairman of the Board, with the formulation of the strategic development plans and management policies of the Group. Pursuant to the Articles, the appointment of Mr. Yu as an alternate Director to Mr. Zha shall remain effective until Mr. Zha ceases to be an executive Director of the Company or the appointment of Mr. Yu has been revoked by Mr. Zha, whichever is earlier. Mr. Yu shall not be entitled to receive any remuneration from the Company in respect of his appointment as an alternate Director pursuant to the Articles.