According to the Hangzhou Thermal Power announcement, Chairman Li Bing resigned as the company's chairman, director, director of the board strategy committee and member due to work adjustments, and also resigned as a legal representative. The resignation report took effect on the day it was delivered to the company and board of directors. Li Ping does not hold shares in the company, and there are no unfulfilled public promises. After approval of the qualification review by the Board of Directors Nomination Committee, the 27th meeting of the third board of directors of the company deliberated and agreed to nominate Wang Yan as a non-independent director candidate for the 3rd board of directors. The relevant bill will be submitted to the fourth extraordinary shareholders' meeting of the company in 2026 for consideration. Her term of office will begin on the date of review and approval of the shareholders' meeting until the expiration date of the 3rd board of directors. This change will not affect the normal operation of the company's board of directors.

According to the Hangzhou Thermal Power announcement, Chairman Li Bing resigned as the company's chairman, director, director of the board strategy committee and member due to work adjustments, and also resigned as a legal representative. The resignation report took effect on the day it was delivered to the company and board of directors. Li Ping does not hold shares in the company, and there are no unfulfilled public promises. After approval of the qualification review by the Board of Directors Nomination Committee, the 27th meeting of the third board of directors of the company deliberated and agreed to nominate Wang Yan as a non-independent director candidate for the 3rd board of directors. The relevant bill will be submitted to the fourth extraordinary shareholders' meeting of the company in 2026 for consideration. Her term of office will begin on the date of review and approval of the shareholders' meeting until the expiration date of the 3rd board of directors. This change will not affect the normal operation of the company's board of directors.