The Board of Directors of Northeast Electric Development Co. Ltd. announced that the eighth meeting of the tenth session of the Board resolved on 12 January 2024 to appoint the new Chief Financial Officer, and accept the resignation of the former Chief Financial Officer, as follows: The Board announced that, Mr. Liu Kejia was appointed as the Chief Financial Officer of the Company by the Board with the terms of office from 12 January 2024, being the date of approval by the Board, until the expiration of the term of the tenth session of the Board of Directors on 30 December 2025. Mr. Liu Kejia, born in 1977, Chinese nationality, no permanent residency abroad.

He holds a bachelor's degree and graduated from Nanjing University of Aeronautics and Astronautics with a major in Business Administration. He holds a Senior International Financial Management (SIFM) and Intermediate Tax Accountant professional qualification certificate. Previously served as the Finance Manager of Chongqing Haihang Restaurant Investment Co.

Ltd. and the Financial Director of HNA Huazhilv Business Management Co. Ltd. The current Chief Financial Officer of Northeast Electric Development Co. Ltd. and also serves as the Financial Manager of Hainan Garden Lane Flight Hotel Management Co.

Ltd. Due to job change, Mr. Dang Zhaozhao has ceased to be the Chief Financial Officer of the Company with effect from 12 January 2024. Mr. Dang Zhaozhao has confirmed to the Company that he has no disagreement with the Board, Supervisory Board and management, and there is no matter relating to his resignation that needs to be brought to the attention of the holders of the securities of the Company.