Tianjin Jinran Public Utilities Company Limited announced at its extraordinary general meeting held on February 19, 2024, Mr. Wang Cong has become an executive Director. He has also been appointed as the chairman of the Board and the chairman of the nomination committee of the Company with effect from 19 February 2024, in place of Mr. Chen Tao (whose resignation as an executive Director, chairman of the Board and the chairman of the nomination committee of the Company has become effective on the same date). Mr. Wang Cong, aged 41, graduated from the Northeast Electric Power School (now known as the Northeast Electric Power University) in China in July 2004 with a Bachelor of Management, and obtained a Master of Accountancy from the Nankai University in China in June 2011.

Mr. Wang holds the qualification of a senior accountant in China. He was awarded the legal professional qualification certificate by the Ministry of Justice of the PRC in April 2022. Mr. Wang has been the financial controller of Jinran China Resources since November 2022.

He has over 19 years of working experience in entities engaging in heating and/or energy business (such as Tianjin Chentang Thermal Power Co. Ltd., Tianjin Jinneng Investment Company, and Tianjin Jinneng Binhai Thermal Power Co. Ltd.).

Among these working experience, he worked in Tianjin Energy from November 2013 to November 2022, and had been (among others) an assistant to the manager of the finance department, and was promoted to the role of a deputy manager of the finance department. He also undertook the role of a deputy general manager (in charge) of Tianjin Energy Finance from December 2021 to August 2022, and subsequently the general manager of Tianjin Energy Finance from August 2022 to November 2022. As of the date of this announcement, Mr. Wang also acts as a director or supervisor in entities which is controlled or invested in by Tianjin Energy and/or its associated companies (including his directorship in Tianjin Jinneng Co.

Ltd. and his role as supervisor in Tianjin Jinneng Pipe Co. Ltd.). Mr. Wang will enter into a service contract with the Company and his term will commence from the conclusion of the EGM and ending on the conclusion of the annual general meeting of the Company to be held in 2024.