The management of Phoenix Power Company SAOG, on behalf of the Company's Board of Directors, informed the Capital Market Authority, the Muscat Stock Exchange, and investors of the resignation of Mr. Hideharu Tatedori from his position as a member of the Board of Directors and other committees on February 8, 2024 for personal reasons. The Board also appointed Mr. Naohiro Aoki as a temporary member to fill the vacant seat on the Board of Directors from February 8, 2024 until the date of the company's next annual general meeting. The Board also nominated Mr. Naohiro Aoki for membership in both the Audit Committee and the Nominations and Remuneration Committee Mr. Naohiro Aoki holds a master's degree in mechanical engineering from Kyushu University, Tokyo.

Mr. Naohiro Aoki has more than 17 years of experience in the energy field and is currently the General Manager of Asset Management at Jera Middle East and Africa Management Company Limited.