Dongfang Electric : RESIGNATION OF DIRECTOR; ELECTION OF CHAIRMAN OF THE BOARD AND CESSATION OF APPOINTMENT OF VICE PRESIDENT

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RESIGNATION OF DIRECTOR;

ELECTION OF CHAIRMAN OF THE BOARD

AND

CESSATION OF APPOINTMENT OF VICE PRESIDENT

RESIGNATION OF DIRECTOR

The board of directors (the "Board") of Dongfang Electric Corporation Limited (the "Company") announces that, the Board received on 29 April 2021 the written resignation report submitted by Mr. Huang Wei ("Mr. Huang"). Mr. Huang tendered his resignation as a director as well as a member of the remuneration and assessment committee of the Board, to the Board of the Company, due to work rearrangement. Mr. Huang ceases to hold any position in the Company after his resignation. According to the relevant provisions of the articles of association of the Company, the resignation report from Mr. Huang takes effect upon the delivery to the Board of the Company.

Mr. Huang had no disagreement with the Board and the supervisory committee of the Company during his term of office and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company. The resignation of Mr. Huang will not result in the number of members of the Board of the Company falling below the statutory minimum quorum.

The Board expresses its heartfelt gratitude to Mr. Huang for his outstanding contribution to the development of Company during his tenure.

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ELECTION OF THE CHAIRMAN OF THE BOARD

Reference is made to the announcement of the Company, in relation to the resignation of the chairman dated 8 December 2020. The Board of the Company is pleased to announce that, Mr. Yu Peigen, the current president, was elected as the chairman of the Board at the 37th meeting of the ninth session of the Board held on 29 April 2021, with immediate effect. The term of office of Mr. Yu Peigen as the chairman of the Board will expire on the date of expiry of the ninth session of the Board of the Company. Meanwhile, Mr. Yu Peigen resigned as the president of the Company.

The biographical details of Mr. Yu Peigen are as follows:

Mr. Yu Peigen, born in November 1962, has served as a director of the Company since June 2019. He served as the president of the Company from May 2019 to 29 April 2021, and has served as the secretary of the Party Committee and chairman of the Board of Dongfang Electric Corporation since April 2021. He graduated from Zhejiang University majoring in thermal power and obtained a bachelor's degree in engineering. He completed his postgraduate study in Renmin University of China and received a master's degree in Executive Master of Business Administration (EMBA). Since August 1984, Mr. Yu successively served as a reactor operator, deputy shift chief and shift chief of the main control room of Qinshan Nuclear Power Plant ( 秦 山 核 電 廠 ); the technical section chief, deputy chief, chief, assistant to general manager and chief of the production division of Qinshan Nuclear Power Company ( 秦 山 核 電 公 司); the deputy general manager and the general manager of Qinshan Nuclear Power Company; and the head of the nuclear power department of China National Nuclear Corporation. He served as the manager of the nuclear power department of China Power Investment Corporation ( 中 國 電 力 投 資 集 團 公 司) from May 2003 to September 2005; the chief engineer on nuclear power of China Power Investment Corporation from September 2005 to December 2010 (during which, he concurrently served as the general manager of Shandong Nuclear Company ( 山 東 核 電 公 司) and CPI Investment Nuclear Power Company ( 中 電 投 核 電 公 司) from July 2004 to March 2008, and the general manager of Liaoning Nuclear Company (遼寧核電公司) from July 2004 to December 2010); a member of the Party Committee and the chief engineer on nuclear power of China Power Investment Corporation and the chairman of Shandong Nuclear Company ( 山 東 核 電 公 司) and Jiangxi Nuclear Company ( 江 西 核 電 公 司) from December 2010 to August 2011; the deputy general manager and a member of the Party Committee of China National Nuclear Corporation ( 中 國 核 工 業 集 團 公 司) from August 2011 to July 2018; the deputy general manager and a member of the Party Committee of China National Nuclear Corporation ( 中 國 核 工 業 集 團 有 限 公 司) from July 2018 to April 2019. From April 2019 to April 2021, he served as a director, the general manager and the deputy secretary of the Party Committee of Dongfang Electric Corporation. Mr. Yu holds the title of senior engineer.

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CESSATION OF APPOINTMENT OF VICE PRESIDENT

The Board announces that, pursuant to the relevant terms of the work agreement between the Company and Mr. Chen Huan ("Mr. Chen"), Mr. Chen ceased to serve as a vice president of the Company, with effect from 29 April 2021.

Mr. Chen had no disagreement with the Board of the Company during his tenure and there is no matter relating to his cessation of employment that needs to be brought to the attention of the shareholders of the Company.

By Order of the Board

Dongfang Electric Corporation Limited

Gong Dan

Company Secretary

Chengdu, Sichuan, the PRC

29 April 2021

As at the date of this announcement, the directors of the Company are as follows:

Directors:	Yu Peigen, Xu Peng and Bai Yong
Independent Non-executive Directors:	Gu Dake, Xu Haihe and Liu Dengqing

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