The board of CGN New Energy Holdings Co., Ltd. announced that with effect from the conclusion of the board meeting held on 8 April 2022 (the effective date), Chen Sui has resigned as a non-executive Director, the Chairman of the Board and the chairman of the Nomination Committee due to his personal work commitments. The Board also announced that with effect from the Effective Date, Li Yilun has resigned as an executive Director and the President of the Company due to his personal work commitments. The Board announced that with effect from the Effective Date, Zhang, being an executive Director, has been appointed as the Chairman, the President, the chairman of the Nomination Committee.

Zhang was appointed as an executive Director on 22 January 2020. Currently, he is the executive director of CGN Wind Energy Limited. Zhang joined the Company as a senior vice president in December 2019.

In order to further strengthen the diverse background and experience of the Board, the Board announced that with effect from the Effective Date, Chen Xinguo and Ren Liyong have been appointed as non-executive Directors. Chen Xinguo was appointed as a non-executive Director on 8 April 2022. He has served as a director of China Nuclear Power Engineering Co., CGN Nuclear Technology Development Co., Ltd. and CGN Environmental Protection Industry Co., Ltd. since February 2022.

Ren Liyong was appointed as a non-executive Director on 8 April 2022. From January 2015 to March 2021, Ren successively served as the secretary of the disciplinary committee and the deputy general manager of CGN Capital Holdings Co., Ltd. Ren successively has served as a director of CGN Nuclear Technology Development Co., Ltd., CGN Wind Energy Limited and CGN Environmental Protection Industry Co., Ltd. since March 2021, and he has been a director of Daya Bay Nuclear Power Operations and Management Co., Ltd. and Guangdong Nuclear Power Joint Venture Company, Limited since September 2021. Li has resigned as an Authorised Representative of the Company under Rule 3.05 of the Listing Rules.

Li has confirmed that he has no disagreement with the Board, and there are no other matters relating to his resignation as an Authorised Representative that needs to be brought to the attention of the Shareholders. The Board announced that Zhang has been appointed as an Authorised Representative under Rule 3.05 of the Listing Rules to fill the vacancy arising from the resignation of Li with effect from the Effective Date. The Board announced that upon the resignation of Chen Sui, Zhang has been appointed as the chairman of the Nomination Committee, with effect from the Effective Date.