The board of directors of Sichuan Energy Investment Development Co., Ltd. announced that Mr. Huang Yao (Mr. Huang) has tendered his resignation as a supervisor of the Company (the Supervisor) due to change in work arrangements. The resignation of Mr. Huang will take effect after obtaining the approval of the proposed appointment of the new Supervisor replacing him by the shareholders of the Company (the Shareholder(s)) at the forthcoming extraordinary general meeting (the EGM) of the Company. Mr. Huang confirmed that he has no disagreement with the Board or the supervisory committee of the Company (the Supervisory Committee) and there are no other matters relating to his resignation that need to be brought to the attention of the Shareholders. The Supervisory Committee has proposed to appoint Ms. Sun Hui as a Supervisor, upon the recommendation from Junlian County State-owned Capital Investment Operation Co., Ltd. being the Shareholder, subject to the approval by the Shareholders at the EGM. The biographical details of Ms. Sun are set out below: Ms. Sun Hui, aged 28, graduated from Bazhong Vocational and Technical College with tertiary education qualification majoring in accounting and auditing in June 2016. Ms. Sun was an office clerk for the Junlian County People's Government between January 2017 and January 2020. Ms. Sun then worked as the office clerk for Julian County Bureau of
Economy and Information Technology and Science Technology between February 2020 and April 2020. Ms. Sun then worked under the general management department of Junlian County State-owned Capital Investment Operation Co., Ltd. between May 2020 and January 2022. Ms. Sun subsequently joined the Party-masses and human resource department of Julian Development Holding Group Limited in February 2022 and is currently serving as the deputy director of the same department. The proposed appointment of Ms. Sun as a Supervisor will be subject to approval by the Shareholders at the EGM and shall take effect from the date of the EGM and end at the expiry of the term of the fourth session of the Supervisory Committee. Ms. Sun will not receive any Supervisor's remuneration for her service as a Supervisor. Upon the appointment of Ms. Sun as a Supervisor being approved by the Shareholders, she will mainly be responsible for monitoring and supervising the operational and financial activities of the Company.