The Board of Directors of Northeast Electric Development Co. Ltd. received the resignation application from former Director Mr. Bao Zongbao on 5 Aug. 2021. Due to the job adjustment, the company announced that Mr. Bao resigned as a Director and from the Special Committees of the Board as the member of Audit Committee on 5 Aug. 2021 and he would not hold any positions in the Company and its subsidiaries after resignation.