The Board of Harbin Electric Company Limited hereby announced that, with effect from the date of publication of this announcement: Mr. Chen Guo-qing has resigned as an independent non-executive Director, and a member of each of the audit committee, the remuneration committee, the strategy development committee and the nomination committee of the Company; Mr. Pan Qi-long has been appointed as an independent non-executive Director, and a member of each of the audit committee, the remuneration committee, the strategy development committee and the nomination committee of the Company. Mr. Pan Qi-long, born in February 1965, aged 58, with a bachelor's degree, is a research librarian and currently a full-time external director of a central enterprise, an external director of China RongTong Asset Management Group Corporation Limited and an external director of China Iron & Steel Research Institute Group. Mr. Pan graduated from Wuhan University with a bachelor's degree in library science.

Mr. Pan successively served as a cadre of the institute of nuclear intelligence, deputy director of the development research department of the policy research office of China National Nuclear Company, director of the department of policy research and reform of China National Nuclear Corporation (CNNC) ("CNNC"), general manager and deputy secretary of the Party Group of China Baoyuan Industry and Trade Company, general manager and deputy secretary of the Party Group of China National Nuclear Instrument and Equipment Corporation, general manager and deputy secretary of the Party Committee of China National Nuclear Baoyuan Assets Holding Company, president and secretary of the Party Committee of Nuclear Science and Technology Information and Economics of China, chairman and secretary of the Party Committee of China National Nuclear Strategic Planning and Research Institute Co. Ltd.and deputy chief economist of CNNC, and during such period, he also served as the vice chairman of the board of directors of CNNC SUFA Technology Industries Co. Ltd. from November 2010 to February 2016.

He has served as a full-time external director of a central enterprise since September 2022, an external director of China RongTong Asset Management Group Corporation Limited since November 2022, and an external director of China Iron & Steel Research Institute Group Co. Ltd. since June 2023.