Beijing Energy International Holding Co., Ltd. announced that Mr. Lu Xiaoyu has been appointed as a non-executive director of the Company with effect from 2 November 2022. The biographical information of Mr. Lu is set out below: Mr. Lu Xiaoyu, aged 52, currently serves as a member of the party committee and a deputy general manager of Qingdao Chengtou New Energy Group Co., Ltd. which is a subsidiary of the Company 's substantial shareholder, Qingdao City Construction Investment (Group) Co., Ltd. Mr. Lu joined the QCCI group in June 2012 and worked in its capital operation department, fund management department and strategic investment department successively. He has extensive experience in financial management.

Mr. Lu obtained a bachelor 's degree in economics from Central University of Finance and Economics and a master 's degree in electrical engineering from Ocean University of China. The Company and Mr. Lu will enter into a service contract for an initial term of one year, which may be renewed for succeeding terms of one year each time upon expiration if agreed by the parties. The service contract may be terminated by one month 's notice in writing or payment in lieu of notice.

Mr. Lu is entitled to a director 's fee of HKD 200,000 per annum for his service as a non-executive Director, which was determined with reference to his duties and responsibilities with the Company, the Company 's remuneration policy and the prevailing market level of remuneration of similar position, and subject to review at the discretion of the Board at the end of each financial year.