Harbin Electric Company Limited Board passed a resolution at a meeting convened on 31 December 2020 that Mr. Zhang Ying-jian, an executive Director, and Mr. Zhu Hong-jie, Mr. Yu Wen-xing and Mr. Tian Min, independent non-executive Directors of the eighth session of the Board, will retire upon the conclusion of the Extraordinary General Meeting. Each of Mr. Zhang Ying-jian, Mr. Zhu Hong-jie, Mr. Yu Wen-xing and Mr. Tian Min has confirmed that he has no disagreement with the Board and there is no other matter relating to has retirement that needs to be brought to the attention of the Shareholders. The Board would like to express its sincere gratitude to Mr. Zhang Ying-jian, Mr. Zhu Hong-jie, Mr. Yu Wen-xing and Mr. Tian Min for their long-term contributions to the Company.