Chaowei Power Holdings Limited announced that Mr. Wang Jiqiang (``Mr. Wang'') has tendered his resignation as an independent non-executive Director and a member of each of the audit committee, the remuneration committee and the nomination committee of the Company due to his other personal commitments, with such resignation to take effect from 30 May 2023. The Board further announced that with effect from 30 May 2023, Mr. Ng Chi Kit (``Mr. Ng''), an independent non-executive Director, has been appointed as a member of each of the Remuneration Committee and the Nomination Committee.