SDIC Power Holdings Co., LTD.

Appointment of Senior Executives

In accordance with the provisions of the Articles of Association of SDIC Power Holdings Co., Ltd., the SDIC Power Holdings Co., Ltd. ("the Company") is pleased to announce that Mr. ZHOU Changxin has been appointed as the Chief Accountant (Chief Financial Officer) of the Company, and will no longer serve as the Deputy General Manager of the Company. GAO Hai has been appointed as the Deputy General Manager of the Company, and will no longer serve as the Director of the Company.

At the same time, it is proposed to appoint Mr. Gao Hai as the Secretary of the Board of Directors of the Company. Mr. Gao Hai has the necessary professional knowledge and ability to perform the duties of such position, and his qualifications comply with relevant provisions of the Company Law, the Listing Rules of the Shanghai Stock Exchange and the Articles of Association. As Mr. Gao Hai has not obtained the Certificate of Office-holding Training for Secretary of the Board of Directors issued by Shanghai Stock Exchange, Mr. Zhu Jiwei, Chairman of the Company, is temporarily acting as the Secretary of the Board of Directors, and the appointment of Mr. Gao Hai will take effect after he obtains the relevant certificate.

Mr. Yang Lin has resigned as the Secretary of the Board of Directors and General Counsel of the Company.

Zhou Changxin, male, born in July 1974, Master Degree, Doctor of Management, Senior Accountant. He successively served as the Deputy General Manager of Guangxi Railway Investment Group Co., Ltd., Chief Accountant of Guangxi Tourism Development Group Co., Ltd., Chief Accountant of China New Era Holding Group Co., Ltd., and Deputy General Manager of SDIC Power Holdings Co., Ltd. He is currently the Chief Financial Officer at SDIC Power Holdings Co., Ltd.

Gao Hai, male, born in April 1968, Bachelor Degree, Bachelor of Economics, Senior Economist. He successively served as the Deputy Manager of the Comprehensive Department, Manager of the Fuel Management Department, Assistant General Manager, and Manager of the Business Management Department of SDIC Power Holdings Co., Ltd., as well as a Director.

SDIC Power Holdings Co., Ltd.

October 24, 2023