The Board comprises

Currently the Board consists of seven members, including three executive directors,one non-executive director and three independent non-executive directors. The Board comprises the following directors:

Executive Director

Wang Xu ( Chairman of the board, chairman of Strategic Investment and Risk Control Committee and Nomination Committee，member of Remuneration Committee)

Mr. Wang , aged 50, has been the Executive Director and the Chairman of the Board of the Company since 25 November 2022. Mr. Wang is also the chairman of Nomination Committee, the chairman of Strategic Investment and Risk Control Committee and a member of Remuneration Committee of the Company. Mr. Wang joined Dongfang Electric Corporation (“Dongfang Electric”/“DEC”) in1995 and is currently an employee director of Dongfang Electric. Previously, he served as the head of the partymasses work department of Dongfang Electric and the head of the corporate culture department of Dongfang Electric Corporation Limited, the deputy secretary of the party committee and the secretary of the discipline inspection committee of Dongfang Electric Wind Power Co., Ltd. and the manager of the Coil Branch Factory of Dongfang Electric, as well as the secretary of the joint party branch of the production management department and the
warehouse management center of DongFang Electric Machinery Corporation Limited, and deputy head of the production management department of DongFang Electric Machinery Corporation Limited. Mr. Wang has extensive experience inproduction management and enterprise management.  Mr. Wang is currently the Chairman of Honghua Holdings Limited and Sichuan Honghua Petroleum Equipment Co., Ltd..He also is the secretary of the party committee and Chairman of Honghua (China) Investment Co., Ltd.(宏華(中國)投資有限公司), a subsidiary of the Company.

Zhu Hua (member of Strategic Investment and Risk Control Committee and President)

Mr. Zhu,aged 40, has been the Executive Director and a member of Strategic Investment and Risk Control Committee of the Company since 4 July 2022 and has been the President of the Company with effect from 7 February 2024. Mr. Zhu joined the DEC in 2009 and once served as a director, general manager and party secretary of MHI Power Dongfang Boiler Co., Ltd., a subsidiary of DEC. He once served as the deputy director of the boiler technology department, the deputy director of the product project management department, the director of the marketing center and the director of the thermal power marketing department of Dongfang Boiler Co., Ltd. Mr. Zhu has extensive experience in technology and corporate management. Mr. Zhu obtained a Bachelor’s Degree in Thermal and Power Engineering from Zhejiang University in 2006, a Master’s Degree in Mechanical Engineering from the Hong Kong University of Science and Technology in 2008, and a Doctorate Degree in Power Engineering and Engineering Thermophysics from Xi’an Jiaotong University in 2020. Mr. Zhu is currently the General Manager and Director of Sichuan Honghua Petroleum Equipment Co., Ltd..

Yang Qiang

Mr. Yang, aged 43, holder of a bachelor’sdegree. He once worked in Dongfang Electric Machinery Co.,  Ltd from 2004, served as deputy director of the equipment department, deputy director of thematerialpurchasing department and deputy director of the procurementcentre, and was the deputy secretary of the Party Committee and employee representative of Dongfang Electric Autocontrol Engineering Co., Ltd..At present, Mr. Yang serves as the Party Deputy Secretary of Honghua (China) Investment Co.,Ltd.and a director of Sichuan Honghua Petroleum Equipment Co., Ltd., bothbeing the subsidiariesof the Company. Mr Yang has extensive experience in materialprocurement, equipmentmanagement,technology managementand human resources management.

Non-Executive Director

Mr. Yang Yangzhuang (楊養莊先生), aged 58, has been a Non-executive Director, the members of each of the Audit Committee and the Strategic Investment Committee of the Company since 28 June 2024. Mr. Yang is currently serves as a director of Sichuan Honghua Petroleum Equipment Co., Ltd., a subsidiary of the Company. Mr. Yang was a deputy director of the marketing department of Dongfang Electric Co., Ltd., deputy manager of thermal power division, Party Secretary, chairman and general manager of Dongfang Electric (Sichuan) Supplies Co., Ltd. Mr. Yang has extensive experience in marketing, service and management. Mr. Yang received his Bachelor of Engineering degree in water conservancy and hydropower power engineering from College of Water Resources and Hydropower, Shanxi Institute of Mechanical Engineering in 1988.

Independent Non-Executive Director

Zhang Shiju（member of Audit Committee, Remuneration Committee and Nomination Committee）

Mr. Zhang ,aged 46,has been an Independent Non-executive Director of the Company since 4 July 2022. Mr. Zhang  is currently a senior Counsel of AllBright Law Firm Shanghai Office. Mr. Zhang holds a master's degree in economic law from Nanjing University. He is an external expert of the Shanghai Technology Exchange Expert Think Tank, and a management consulting service expert of the Management Consulting Professional Committee of the China Enterprise Confederation. Mr. Zhang served as  a senior partner of Beijing Yingke Law Firm Shanghai Office,the Deputy Secretary-General of Shanghai Youth Entrepreneurship and Employment Foundation, a co-tutor for graduate students of Tsinghua University and Shanghai Jiaotong University Law School, and an adjunct professor of Jilin University Business School. Mr. Zhang has extensive experience in legal services such as investment and mergers and acquisitions, IPO listing, corporate governance, and industrial funds.

Ms. Li Yuedong (李越冬女士), aged 48, has been an Independent Non-executive Director, the chairman of the Audit Committee and the members of each of the Remuneration Committee and the Nomination Committee of the Company since 28 June 2024. Ms. Li is currently a director of the audit Department of the Accounting School of Southwestern University of Finance and Economics, doctoral supervisor, one of the first international high-end accounting talents of the Ministry of Finance, and a certified public accountant of the United States of America. She served as an independent director of Chengdu Leejun Industrial Co., Ltd. (002651.SZ), Sichuan Kelun Pharmaceutical Co., Ltd. (002422.SZ), Chengdu HighTech Development Group Co., Ltd. (000628.SZ), Sichuan Fengsheng Paper Technology Co., Ltd. and Sichuan Neautus Traditional Chinese Medicine Co., Ltd. She currently served as an independent director of Chengdu Sino Microelectronics Technology Co., Ltd. (688709.SH), Ya’an Bestry Performance Material Co., Ltd., Chengdu Zhimingda Electronics Co., Ltd. (688636.SH), Chengdu Shengbang Seals Co., Ltd. (301233.SZ) and as an independent non-executive director of Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. (6990. HK). Ms. Li obtained her bachelor’s degree in economics from Chongqing

Technology and Business University in 2000, master’s degree in Accounting (MAcc) from Georgia College & State University in 2004, and doctoral degree in Management (Accounting) from Southwestern University of Finance and Economics in 2011.
Mr. Wang Junren (王俊仁先生), aged 63, has been an Independent Non-executive Director, the members of each of the Remuneration Committee and Strategic Investment Committee of the Company since 20 August 2024. He started to work in 1982 and has successively served as director of Strategic Development Center of China National Oil and Gas Exploration and Development Corporation, deputy general director and general director of Kazakhstan PetroChina Aktobe Oil and Gas Co., LTD., deputy general director of PetroChina Kazakhstan Company, deputy general director of PetroChina Central Asia Company, general director of PetroChina West Africa Company and other positions. Mr. Wang has rich experience in oil and gas exploration and development, international oil management and engineering construction management. Mr. Wang holds an Executive Master’s degree in Business Administration from Peking University.