Northeast Electric Development Company Limited announced that Mr. Li Zhengning was appointed as an independent non-executive Director of the 9th Session of the Board of Directors of the Company. His term of office shall be effective from the date of approval by the AGM and end on the expiry of the term of the 9th session of the Board of Directors (namely 10 March 2022). During the above-mentioned term of office, Mr. Li Zhengning receive annual remuneration of RMB120,000 (pre-tax) form of remuneration for his position as the independent non-executive Director of the Company. The Board announces that, due to his personal health reason, Mr. Li Ming has tendered his resignation from the position of independent non-executive Director of the Company with effect from the conclusion of general meeting on 2 June 2021.