HANGZHOU COGENERATION GROUP: Chairman Liu Xiangjian resigns due to work adjustment

HANGZHOU COGENERATION GROUP announced that the company's board of directors recently received a written resignation letter from Chairman Liu Xiangjian. Due to work adjustments, Liu Xiangjian resigned from the positions of Chairman, Director, and Chairman and member of the Board's Strategic Committee. His resignation will take effect from the date it is delivered to the board of directors and is considered as simultaneously resigning from the position of legal representative. During the vacancy of the chairman, the company will have a director elected by more than half of the directors to preside over the board of directors or shareholders' meeting. The company will complete the relevant work for the re-election of directors and the election of the chairman as soon as possible