The Board of Directors of Northeast Electric Development Co. Ltd. received the resignation application from former Director Ms. Ma Yun (Ms. Ma) and former Director Ms. Liu Huafen on 18 May 2020. Due to the job adjustment, company announced that Ms. Ma yun resigned as a Director on 18 May 2020 and she would not hold any positions in the Company and its subsidiaries after resignation; that Mr. Liu Huafen resigned as a Director on 18 May 2020 and she would not hold any positions in the Company and its subsidiaries after resignation.