Announcement on the Supplementary Election of Independent Directors for the Third Board of Directors

Hubei Ping An Electric Technology Co., Ltd. (hereinafter referred to as "the Company" or "Ping An Electric") recently received a written resignation report from independent director Ms. Dong Liying. Ms. Dong resigned from her positions as independent director, member of the Board's Strategic Committee, Compensation and Assessment Committee, Audit Committee, and Nomination Committee due to personal reasons. After her resignation, Ms. Dong will no longer hold any position in the Company. Ms. Dong's original term was set to last until the expiration of the third board's term. Given that her resignation would result in the number of independent directors falling below one-third of the board members, her resignation will take effect after the election of a new independent director at the shareholders' meeting to ensure the normal operation of the board. Until the new independent director assumes office, Ms. Dong will continue to fulfill her duties as an independent director and as a member of the board's specialized committees. As of the date of this announcement, Ms. Dong does not hold any shares in the Company and has no unfulfilled commitments. The Company and the board express their heartfelt gratitude to Ms. Dong for her contributions during her tenure.