The board of directors of Dongfang Electric Corporation Limited announced that, the Board received on 3 February 2023 the written resignation report submitted by Mr. Xu Peng (Mr. Xu), a director and president of the Company. Mr. Xu tendered his resignation as president, to the Board of the Company, due to work rearrangement. Mr. Xu ceases to hold any position in the Company after his resignation.

According to the relevant provisions of the articles of association of the Company, the resignation report from Mr. Xu takes effect upon the delivery to the Board of the Company. Mr. Xu had no disagreement with the Board and the supervisory committee of the Company during his term of office and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.