The boards of directors of HK Electric Investments Manager Limited in its capacity as the trustee-manager of HK Electric Investments and HK Electric Investments Limited announce the following changes to the Boards with effect from 9 September 2022: Mr. DUAN Guangming has resigned as a Non-executive Director of the Boards, due to his other business commitments; and Mr. WANG Zijian has been appointed as a Non-executive Director of the Boards. Mr. Duan has also resigned, and Mr. Wang has also been appointed, as a Director of The Hongkong Electric Company, Limited ("HK Electric"), a wholly-owned subsidiary of the Company, both with effect from the aforesaid date. Mr. WANG Zijian, aged 55, is a Staff Representative Director, Executive Vice President, and Chairman of the Labour Union of State Grid International Development Co., Limited.

He previously served as Director of Comprehensive Planning Division, and Director of Statistics Division, of Development Planning Department of State Grid Corporation of China. State Grid International Development Co., Limited and State Grid Corporation of China are substantial holders of the Share Stapled Units for the purpose of Part XV of the Securities and Futures Ordinance ("SFO"). Mr. Wang holds a Bachelor Degree in Economics from Xiamen University.