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Steering Success: Governance and Leadership at the Helm

The Board, led by the Chairman, is responsible for formulating policies, approving budgets, and overseeing the Group’s operations to meet business objectives. Comprised of thirteen Directors—six executive, one non-executive, and six independent—the Board ensures independent oversight by adhering to Listing Rules for Director independence. Non-executive Directors serve fixed terms, subject to rotation and re-election.

The Chairman provides leadership, sets the agenda for Board meetings, and ensures that Directors are properly informed and engaged. The Board operates with sound governance practices, ensuring transparency and effective communication with shareholders.

The CEO manages day-to-day operations, formulates strategic plans, and ensures the Group meets its business objectives. The Board meets at least quarterly, with additional meetings held as necessary. Directors have full access to information and independent advice.

Meet the committees

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1

Audit Committee

The Audit Committee comprises three independent non-executive Directors. The Audit Committee is chaired by Ms. Huang Jian and the other members of the Committee are Mr. Zhang Zhong and Ms. Li Yongli. The Audit Committee is required, amongst other things, to oversee the relationship with the external auditors, to review of the Group’s financial information, to oversight of the Group's financial reporting system and internal control procedures and to review and manage major risks.

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2

Nomination Committee

The Nomination Committee comprises three members and is chaired by Mr. Liu Shunxing, with Ms. Huang Jian and Ms. Li Yongli being the members. Under its terms of reference, the Nomination Committee is responsible for identifying potential directors and making recommendations to the Board on the appointment or re-appointment of directors of the Company. Potential new directors are selected on the basis of their qualifications, skills and experience which the Nomination Committee considers will make a positive contribution to the performance of the Board.

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3

Remuneration Committee

The Remuneration Committee comprises three members and is chaired by Mr. Zhang Zhong, with Ms. Liu Jianhong and Mr. Jesse Zhixi Fang being the members. The Remuneration Committee meets for the determination of the remuneration packages of Directors and senior management of the Group. In addition, the Remuneration Committee also meets as and when required to consider remuneration and compensation related matters.

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4

Environmental, Social and Governance Committee

The Environmental, Social and Governance (the“ESG”) Committee comprises four members and is chaired by Ms. Liu Jianhong, with Mr. Jesse Zhixi Fang, Mr. Chua Pin, and Mr. Chen Wei being the members. The ESG Committee is responsible for making proposals on ESG strategies, identifying significant ESG risks and opportunities, approving and reviewing ESG policies, monitoring effectiveness of ESG activities, and reviewing ESG report.

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5

Company Secretary

The Company Secretary is responsible to the Board for ensuring that Board activities and procedures comply with relevant legislative, regulatory and corporate governance developments. The Company Secretary assists the Chairman to prepare agendas and Board papers for meetings and disseminates such documents to the Directors in a timely manner. The Company Secretary is also directly responsible for the Group’s compliance with the continuing obligations of the Listing Rules and Codes on Takeovers and Mergers and Share Repurchases. The Company Secretary maintains formal minutes of the Board meetings and other Board committee meetings.

Leadership Team

Mr. Liu Shunxing

Chairman

Mr. Liu Shunxing, aged 64, joined the Group in 2007. He has become the Chairman of the Company since June 2009, and is also a member of the Nomination Committee of the Company. Mr. Liu holds a Bachelor’s degree in Power System Automation and a Master’s degree in Industrial Management Engineering. Mr. Liu possesses extensive experience in comprehensive management of energy enterprises.

Ms. Liu Jianhong

Vice Chairperson

Ms. Liu Jianhong, aged 57, joined the Group in 2007. She has become the Vice Chairperson of the Company since January 2016, and is also the Chairperson of the Environmental, Social and Governance Committee and a member of the Remuneration Committee of the Company. Ms. Liu holds a Bachelor’s and Master’s degree in laws and an Executive Master’s degree in Business Administration. Ms. Liu has rich experience in human resources, compliance, and risk management.

Mr. Niu Wenhui

CEO

Mr. Niu Wenhui, aged 55, joined the Group in 2010. He has become an Executive director of the Company since January 2017 and the Chief Executive Officer of the Company since November 2025. Mr. Niu holds a Bachelor’s degree in Financial Accounting and a Master’s degree in Business Administration. Mr. Niu has over 20 years of experience in financial management of group enterprises.

Mr. Zhai Feng

Vice President

Mr. Zhai Feng, aged 59, joined the Group in 2019. He has become an Executive director of the Company since January 2020. Mr. Zhai holds a Bachelor’s degree in law and an Executive Master’s degree in Business Administration. Mr. Zhai has over 30 years of experience in law, finance, and capital management.

Ms. Shang Jia

Vice President

Ms. Shang Jia, aged 62, joined the Group in 2011. She has become an Executive director of the Company since April 2021. Ms. Shang holds a Bachelor’s degree in Industrial Economic and Management. Ms. Shang has over 30 years of experience in power development and production management.

Mr. Chan Kam Kwan, Jason

Company Secretary

Mr. Chan Kam Kwan, Jason, aged 52, joined the Group in 2006. He is the Company Secretary of the Company and has become an Executive director of the Company since April 2024. Mr. Chan holds a Bachelor’s degree in Business and a Certified Public Accountant (CPA) certificate issued by the Washington State Board of Accountancy. Mr. Chan has extensive experience in corporate finance.

Mr. Wang Feng

Non-executive Director

Mr. Wang Feng, aged 56, has been a Non-executive director of the Company since February 2019. Mr. Wang holds a Bachelor’s degree in Power System Automation and a Master’s degree in Power Engineering. Mr. Wang has 30 years of experience in energy industry and management.

Ms. Huang Jian

Independent Non-Executive Director

Ms. Huang Jian, aged 57, has been an Independent non-executive director of the Company since December 2012, and is also the Chairperson of the Audit Committee and a member of the Nomination Committee of the Company. Ms. Huang holds a Bachelor’s and Master’s degree in Financial Accounting. She is also a Chinese Certified Public Accountant. Ms. Huang has over 30 years of financial and audit experience.

Mr. Jesse Zhixi Fang

Independent Non-Executive Director

Mr. Jesse Zhixi Fang, aged 79, has been an Independent non-executive director of the Company since January 2018, and is also a member of the Remuneration Committee and the Environmental, Social and Governance Committee of the Company. Mr. Fang holds a Bachelor’s degree in Mathematics, Master’s and a Doctorate degree in Computing. Mr. Fang has over 30 years of management experience in the semiconductor research and industry management.

Mr. Zhang Zhong

Independent Non-Executive Director

Mr. Zhang Zhong, aged 57, has been an Independent non-executive director of the Company since June 2018, and is also the Chairman of the Remuneration Committee and a member of the Audit Committee of the Company. Mr. Zhang holds a Bachelor’s and Master’s degree in Law. Mr. Zhang has over 30 years of legal and risk control experience.

Ms. Li Yongli

Independent Non-Executive Director

Ms. Li Yongli, aged 62, has been an Independent non-executive director of the Company since May 2022, and is also a member of the Audit Committee and the Nomination Committee of the Company. Ms. Li holds a Bachelor’s and Master’s degree in Electric Power System Automation and PhD degree in electrical engineering. Ms. Li has 40 years of experience in the field of electricity research.

Mr. Chua Pin

Independent Non-Executive Director

Mr. Chua Pin, aged 60, has been Independent non-executive director of the Company since October 2024, and is also a member of the Environmental, Social and Governance Committee of the Company. Mr. Chua holds a Bachelor’s degree in Business Administration. Mr. Chua has over 30 years of experience in the financial industry.

Concord New Energy Independent Non-Executive Director Chen Wei

Mr. Chen Wei

Independent Non-Executive Director

Mr. Chen Wei, aged 48, has served as an independent non-executive director and a member of the Environmental, Social and Governance (ESG) Committee of the Company since July 2026. Mr. Chen holds a Ph.D. in Chemistry and has long been deeply engaged in green electrocatalysis for hydrogen energy and CO₂ conversion and utilization, as well as energy storage technologies.

Mr. Wang Xigang

Executive President

Mr. Wang Xigang, 46 years old, joined the Group in 2009 and serves as Executive President of the Company. Mr. Wang holds a Bachelor’s degree in Economics and a Master’s degree in Business Administration. Mr. Wang has over a decade of experience in company management.

Mr. Zhou Xiaole

Vice President

Mr. Zhou Xiaole, 45 years old, joined the Group in 2007 and serves as Vice President of the Company. Mr. Zhou holds a Bachelor’s degree in Electronic Information and Business Administration and a Master’s degree in Corporate Media. Mr. Zhou has more than fifteen years of experience in project development and management.

Mr. Mike Luo

Vice President

Mr. Mike Luo, 41 years old, joined the Group in 2010 and serves as Vice President of the Company. Mr. Luo holds a Bachelor’s degree in Economics. Mr. Luo has over ten years of experience in managing new energy projects of full lifecircle.

Mr. Yang Qi

Vice President

Mr. Yang Qi, 45 years old, joined the Group in 2024 and serves as Vice President of the Company. Mr. Yang holds a Bachelor’s degree in Electronic Information Engineering, as well as a Master’s degree and PhD degree in Electric Power System Automation. Mr. Yang has more than fifteen years of experience in energy technology and project management.