Dongfang Electric : CHANGE OF SUPERVISOR

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CHANGE OF SUPERVISOR

The board of directors (the "Board") of Dongfang Electric Corporation Limited (the "Company") hereby announces that the Company received a written resignation from Mr. Fu Haibo ("Mr. Fu"), a shareholder representative supervisor of the Company (the "Supervisor"). Mr. Fu applied to resign from his position as a Supervisor due to job reallocation. According to the relevant provisions of the Company Law of the People's Republic of China and articles of association of the Company, as the resignation of Mr. Fu causes the number of members of the supervisory committee of the Company (the "Supervisory Committee") below the quorum, Mr. Fu will continue to discharge his duty as a Supervisor before a new Supervisor being elected at the general meeting. Mr. Fu has confirmed that he has no disagreement with the Board and the Supervisory Committee, and there is no any other matter that needs to be brought to the attention of the shareholders of the Company (the "Shareholders"). The Supervisory Committee would like to express its sincere appreciation to Mr. Fu for his due diligence and contributions during his tenure.

The Company received the proposal for election of Mr. Wang Zhiwen ("Mr. Wang") as a Supervisor of the ninth session of Supervisory Committee from Dongfang Electric Corporation, the controlling shareholder of the Company. Therefore, the Board has resolved to convene the first extraordinary general meeting in 2020 (the "EGM"), at which an ordinary resolution relating to election of a Supervisor will be submitted. The proposed appointment of Mr. Wang as the Supervisor is subject to the approval at the EGM.

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Biographical details of Mr. Wang are set out below:

Mr. Wang Zhiwen, born in February 1967, currently serves as the head of the Legal Risk Control Department of Dongfang Electric Corporation Limited. He graduated from the School of Energy and Power Engineering of Xi'an Jiaotong University with a bachelor's degree in thermal energy engineering (boiler) and from Sichuan University with a master's degree in law.

He joined Dongfang Boiler Factory ( 東 方 鍋 爐 廠 ) in July 1989 and successively served as a designer, assistant to the director of the integrated planning division, project manager and deputy director of the product items management division, deputy director of the procurement division, deputy director and director of the product items management division, general manager and the Party branch secretary of Nuclear Capacitor Branch ( 核 電 容 器 分 公 司) before June 2005. He served as the deputy head of the corporate management department and deputy head of the legal affairs department of Dongfang Electric Corporation from June 2005 to January 2008, the deputy head of the legal affairs department of Dongfang Electric Corporation Limited from January 2008 to September 2008, the deputy head of the legal affairs department of Dongfang Electric Corporation and the deputy head of the legal affairs department of Dongfang Electric Corporation Limited from September 2008 to August 2010, the deputy head of the legal affairs department and a member of the discipline inspection group of the Party group of Dongfang Electric Corporation and the deputy head of the legal affairs department of Dongfang Electric Corporation Limited from August 2010 to March 2017 (during which he concurrently served as a supervisor of Dongfang Electric Corporation from February 2007 to October 2013 and the chairman of the supervisory committee of DEC Investment Management Company Limited from December 2006 to October 2012), the deputy head (presided over work) and head of the legal and audit department of Dongfang Electric Corporation and Dongfang Electric Corporation Limited from March 2017 to October 2017, and the head of the corporate management and legal affairs department and the head of the corporate management department and legal affairs department of Dongfang Electric Corporation and Dongfang Electric Corporation Limited from October 2017 to November 2019. He has served as the head of the legal risk control department of Dongfang Electric Corporation and Dongfang Electric Corporation Limited since November 2009 (during which he concurrently served as a director of DEC (Leshan) New Energy Equipment Co., Ltd. ( 東 方 電 氣（樂 山）新 能 源 設 備 有 限 公 司) from March 2009 to December 2018; he has been a director of Dongfang Electric Finance Co., Ltd. since March 2012; and has concurrently served as a member of the discipline inspection commission directly under the head office of Dongfang Electric Corporation since June 2016, the chairman of the supervisory committee of Dongfang Boiler Group Co., Ltd. since May 2017 and the chairman of the supervisory committee of Dongfang Steam Turbine Co., Ltd. and Dongfang Electric Machinery Co., Ltd. since October 2017). Mr. Wang holds the title of senior engineer and the practising qualification of corporate law consultant.

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The term of office of Mr. Wang will commence from the date of being elected as a Supervisor and end upon the expiry of the ninth session of the Supervisory Committee. His remuneration shall be calculated according to the relevant requirements on staff remuneration management of the functional departments in the head office of the Company.

As at the date of this announcement, save as disclosed above, Mr. Wang confirms that he: (i) does not have any relationship with any other directors, supervisors, senior management, substantial shareholders or controlling shareholders (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company; (ii) does not hold any other positions in the Company or other members of the Company and its subsidiaries; (iii) did not hold any directorships in any other listed companies the securities of which are listed on any securities market in Hong Kong or overseas in the past three years; (iv) does not have or is not deemed to have any interest within the meaning of Part XV of the SFO (Chapter 571 of the Laws of Hong Kong) in any shares or underlying shares of the Company or its associated corporations; and (v) has no other matters in relation to his appointment that need to be brought to the attention of the Shareholders or disclosed pursuant to Rule 13.51(2)(h) to Rule 13.51(2)(v) of the Listing Rules.

The notice of the EGM will be dispatched to the Shareholders in due course.

By Order of the Board

Dongfang Electric Corporation Limited

Gong Dan

Company Secretary

Chengdu, Sichuan, the PRC

18 December 2019

As at the date of this announcement, the directors of the Company are as follows:

Directors:	Zou Lei, Yu Peigen, Huang Wei, Xu Peng and Bai Yong
Independent Non-executive	Gu Dake, Xu Haihe and Liu Dengqing
Directors:

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