The Board of Directors of Northeast Electric Development Co. Ltd. has recently received the resignation application from Mr. Li Ming, an independent non-executive director of the Company. Due to his personal health reasons, Mr. Li Ming has submitted his resignation from the Board of Director as an independent non-executive director of the Company and from the Special Committees of the Board as the member of Audit Committee, the Remuneration Committee and the Nomination Committee. Upon his resignation, Mr. Li Ming will cease to hold any positions in the Company.