The board of directors of Chaowei Power Holdings Limited announced that Prof. Ouyang Minggao has tendered his resignation as an independent non-executive Director and a member of the audit committee of the Company due to his other personal commitments, with such resignation to take effect from 21 December 2023. Prof. Ouyang has confirmed that he does not have any disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited.