The Board of Harbin Electric Company Limited announced that pursuant to the authority granted at the 2022 Annual General Meeting, the Company convened the Board Meeting on 25 May 2023 and resolved to appoint Mr. Huang Wei as the executive Director and the chairman of the strategy development committee of the Company, with effect from the date of publication of this announcement. He will hold office until the conclusion of the following annual general meeting of the Company. Mr. Huang will not receive remuneration as a Director of the Company.

At the same time, Mr. Huang was appointed as the president of the Company at the Board Meeting, with effect from the date of publication of this announcement. Mr. Huang Wei, born in 1965, aged 57, holds a doctor's degree and the title of senior engineer, and is currently a director, general manager and deputy secretary of the Party Committee of Harbin Electric Corporation, as well as the deputy secretary of the Party Committee of the Company. Mr. Huang graduated from the Department of Power and Mechanical Engineering at Shanghai Jiaotong University with a bachelor's degree in marine power machinery, graduated from the Department of Thermal Engineering at Chongqing University with a master's degree in thermal engineering, and later obtained a doctor's degree from Southwestern University of Finance and Economics.

Mr. Huang successively served as a key technician of the complete set design department of Dongfang Power Equipment Union Company Limited, deputy manager of the thermal power department of importation and exportation branch of Dongfang Electric Corporation, and deputy general manager and general manager of importation and exportation branch of Dongfang Electric Corporation. He served as deputy general manager of Dongfang Electric Corporation from June 2000 to February 2007. He served as deputy general manager and a member of the Party Committee of State Nuclear Power Technology Corporation from February 2007 to September 2008.

From September 2008 to April 2021, he successively served as deputy general manager, a member of the Party Committee, deputy general manager, deputy secretary of the Party Committee, director, deputy secretary of the Party Committee of Dongfang Electric Corporation (during June 2009 to April 2021, he also served as a director of Dongfang Electric Corporation Limited, and during August 2017 to May 2019, he also served as senior vice president of Dongfang Electric Corporation Limited). From April 2021 to March 2023, he served as a director and the deputy secretary of the Party Committee of Dongfeng Motor Corporation, and from June 2021 to May 2023, he concurrently served as a non-executive director of Dongfeng Motor Group Company Limited. Since March 2023, he has served as a director, general manager and deputy secretary of the Party Committee of Harbin Electric Corporation.

Since April 2023, he has served as the deputy secretary of the Party Committee of the Company. Upon the appointment of Mr. Huang as an executive Director of the Company, the number of Directors has met the requirements of the Association of Articles of the Company. Members of the Board are as follows: Executive Directors: Mr. Cao Zhi-an (Chairman), Mr. Huang Wei and Mr. Zhang Ying-jian.

Independent non-executive Directors: Mr. He Yu, Mr. Hu Jian-min, Mr. Chen Guo-qing and Mr. Tang Zhi-hong.