Announcement of the Chairman's Resignation

SDIC Power Holdings Co., LTD

09 April 2024

 

SDIC Power Holdings Co., LTD.

  Announcement of the Chairman's Resignation

The Board of Directors of SDIC Power Holdings Co., Ltd. (hereinafter referred to as "the Company" or "SDIC Power") recently received a letter of resignation from Mr. Zhu Jiwei, Chairman of the Company. Due to work adjustments, Mr. Zhu Jiwei plans to resign from his position as a director of the Company and will no longer serve as the Chairman of the Board, the Chairman of the Strategy Committee and the legal representative of the Company. Mr. Zhu Jiwei confirms that he has no disagreement with the Board of Directors of the Company and that there is no need to bring any matters to the attention of the shareholders and creditors of the Company.

According to the Rules Governing the Listing of Stocks on Shanghai Stock Exchange, the Articles of Association and other relevant regulations, his resignation will take effect upon delivery to the Board of Directors of the Company and will not affect the normal performance of related work of the Company.

The Board of Directors recognizes the work done by Mr. Zhu Jiwei during his tenure, highly commends his contributions to the Company's development over the years, and expresses sincere gratitude to him.

According to the Company Law, Articles of Association, Rules Governing the Listing of Stocks on Shanghai Stock Exchange and other relevant regulations, Mr. Guo Xuyuan is recommended by the controlling shareholders of the Company as a candidate for director. The Company will elect a new director and Chairman of the Board of Directors and adjust members of special committees of the Board of Directors as per legal procedures as soon as possible. In view of that the election of a new chairman has not yet gone through corresponding legal procedures, Mr. Zhu Jiwei is still the Company's legal representative at present and will continue to perform his duties until the new chairman takes office.

SDIC Power Holdings Co., Ltd.

April 9, 2024

 

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