The Board of Directors of the Northeast Electric Development Co. Ltd. has received the resignation application from Mr. Zhu Jie, the Chairman and Director of the Board of the Company on 22 July 2021. Due to his work adjustment, Mr. Zhu Jie terminated the labor contract with the company, applied for resignation as the Chairman and Director of the Company. Meanwhile, no longer perform the duties of a special committee under the Board of Directors. Independent non-executive Directors of the Company have checked the resignation of Mr. Zhu Jie and believe that the reasons for Mr. Zhu Jie's resignation are consistent with the actual situation and his resignation will not affect the normal operation of the company.