China Power International Development Limited announced that Mr. GAO Ping has been appointed as an Executive Director and the President of the Company with effect from 23 July 2021. On the same day, Mr. HE Xi, the present Chairman of the Board has also ceased to concurrently serve as the President of the Company. Mr. GAO previously served as a director and the general manager (the authorized representative) of Jilin Electric Power Co. Ltd.; a deputy director of Planning and Finance Department and a deputy general manager of Analysis and Evaluation Department, a director of Accounting and Tax Management Division of State Power Investment Corporation Limited; a deputy general manager and the chief financial officer of SPIC Yunnan International Power Investment Co. Ltd.; and the chief of finance and tax related divisions of Wu Ling Power Corporation. After the cessation of Mr. HE's role as the President of the Company, he will still remain to serve as the Chairman of the Board, be responsible for the Company's strategy development and key decision making, and continue to play his core leadership role. Mr. GAO has also been appointed as a member of the Risk Management Committee and Executive Committee under the Board effective on the same date as his appointment as an Executive Director of the Company.