The board of directors of Harbin Electric Company Limited announced that, at the board meeting of the company convened on 16 December 2021, it was resolved that Mr. Cao Zhi-an (Mr. Cao) be appointed as the executive director pursuant to the authority granted at the 2020 Annual General Meeting and elected as the chairman of the Board with immediate effect. He will hold office until the conclusion of the following general meeting of the company. Mr. Cao Zhi-an is currently the chairman of the board of directors and the secretary of the Party Committee of Harbin Electric Corporation.