China Geothermal Industry Development Group Limited at Annual General Meeting held on 30 June 2022, announced that upon conclusion of the AGM, Mr. Xue Jiangyun retired as executive Director of the Company but Mr. Xue shall remain as the chief executive officer of the Group and Mr. Guo Qingui retired as independent non-executive Director, and ceased to act as member of audit committee, remuneration committee and nomination committee of the Company. The Board also announced that Mr. Wang Manquan and Mr. Pan Ya has resigned as executive Director of the Company with effect from 30 June 2022. Whereas Mr. Wang shall remain as vice president of the Group and Mr. Pan shall remain as the chief financial officer of the Group.

The Board further announced that the Board has resolved, with effect from 30 June 2022, Mr. Yang Wei was nominated as the deputy chairman of the Board and Mr. Wang Manquan was nominated as the chief security officer of the Group. CHANGE IN NOMINATIONS OF THE BOARD COMMITTEES: The Board announced that the Board has resolved to change the nominations of the Board committees as follows: Mr. Xu Shengheng, executive Director, was nominated as deputy chairman of nomination committee and deputy chairman of group development strategic committee. Ms. Chan Wai Kay, Katherine, executive Director, was nominated as deputy chairman of group development strategic committee.

Mr. Dai Qi, executive Director, was nominated as deputy chairman of remuneration committee and member of group development strategic committee. Mr. Yang Wei, non-executive Director, was nominated as deputy chairman of nomination committee and deputy chairman of group development strategic committee. Mr. Zhang Yiying, non-executive Director, was nominated as member of group development strategic committee.

Ms. Liu Ening, non-executive Director, was nominated as member of group development strategic committee. Mr. Wu Desheng, independent non-executive Director, was nominated as chairman of nomination committee, member of remuneration committee and member of group development strategic committee. Mr. Wu Qiang, independent non-executive Director, was nominated as chairman of group development strategic committee.

Mr. Jia Wenzeng, independent non-executive Director, was nominated as member of group development strategic committee. Mr. Guan Chenghua, independent non-executive Director, was nominated as chairman of remuneration committee and member of group development strategic committee. Mr. Xue Jiangyun, the chief executive officer of the Group, Mr. Sun Ji, the chief engineer of the Group, Mr. Wang Manquan, vice president and the chief security officer of the Group, and Mr. Pan Yan, the chief financial officer of the Group, were nominated as member of group development strategic committee.