NOTICE OF ANNUAL GENERAL MEETING FOR 2023

The Hong Kong Exchanges and Clearing Limited and the Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.（A joint stock limited company incorporated in the People’s Republic of China with limited liability）（Stock Code:00042） NOTICE OF ANNUAL GENERALMEETING FOR 2023 NOTICE IS HEREBY GIVEN: that the Annual General Meeting For 2023 (the “AGM”) of Northeast Electric Development Company Limited (the “Company”) will be held at the Conference Room Internet Finance Building No.3 Guoxing Avenue Meilan District Haikou City Hainan Province the PRC at 10:00 a.m. on 28 June 2024 for the purpose of considering and if thought fit passing the following resolutions: AS ORDINARYRESOLUTIONS“THAT:1. The Proposal on the Annual Report for 2023 (Including the Audited Financial Report) * (《关于 2023年年度报告（含经审计的财务报告）的议案》）be and is hereby approved.2. The Proposal on the Dividend Distribution Plan for 2023* (《关于2023年度利润分配预案的议案》）be and is hereby approved.During the reporting period prepared in accordance with International Financial Reporting Standards (IFRSs) the Company recorded net profit distributable to shareholders of the listed Company of RMB-5.956 million and the Company has no distributable reserve. Therefore the Board of Directors of the Company proposes the Company not to distribute cash dividend issue bonus share or capitalise from capital reserves during the reporting period.3. The Proposal on the Work Report of the Board of Directors for 2023* (《关于2023年度董事会工作报告的议案》）be and is hereby approved.4. The Proposal on the Work Report of the Supervisory Committee for 2023* (《关于2023年度监事会工作报告的议案》）be and is hereby approved.5. The Proposal on the Reappointment of Auditor of the Company for 2024* (《关于续聘公司2024年度会计审计机构的议案》）be and is hereby approved.The Company intends to reappointment of Zhongxingcai Guanghua Certified Public Accountants LLP*（中兴财光华会计师事务所（特殊普通合伙））as the domestic auditor for financial statements and internal control of the Company for the year of 2024 and the Wilson & Partners CPA Limited（国诚会计师事务所有限公司）(“Wilson & Partners”) as the international auditor for the year of 2024 with the term of office of one year and authorizes the Board to determine its remuneration.AS SPECIALRESOLUTION6. The Proposal on Amending the Company's Articles of Association* (《关于修订公司章程的议案》）be and is hereby approved.” By order of the Board Su Weiguo Chairman Haikou Hainan Province the PRC 28 May 2024 As at the date of this Announcement the Board comprises of six executive Directors namely Mr. Su Weiguo Ms. Liu Jiangmei Ms. He Wei Mr. Ding Jishi Mr. Mi Hongjie and Mr. Zhu Xinguang; and three independent non-executive Directors namely Mr. Fang Guangrong Mr. Wang Hongyu and Mr.Li Zhengning.Notes: (1) Any holder of Domestic Shares who has registered on the register of the Company at China Securities Depository and Clearing Company Limited by the close of business on 21 June 2024 is entitled to attend the AGM.(2) In order to confirm the list of holders of H Shares of the Company who are entitled to attend the AGM the register of shareholders of the Company will be closed from 24 June 2024 to 28 June 2024 (both days inclusive) during which period no transfer of shares will be registered. The shareholders whose names appear on the register of the Company by the close of business on 21 June 2024 are entitled to attend the AGM and vote at the AGM. (3) Holders of H Shares of the Company who intend to attend the AGM shall deposit the transfer documents and relevant share certificates at the Company’s H Share registrar Boardroom Share Registrars (HK) Limited 2103B 21th Floor 148 Electric Road North Point Hong Kong not later than 4:30 p.m. on 21 June 2024. (4) Shareholders of the Company who intend to attend the AGM shall mail or fax the written reply for attending the AGM to the Company before 21 June 2024. (5) Any shareholder of the Company entitled to attend and vote at the AGM is entitled to appoint one or more proxies (whether or not shareholder of the Company) to attend and vote at the AGM on his/her behalf. (6) In order to be valid the proxy forms of shareholders and other documents (if any) should be deposited at the Company or the Company’s H Share registrar no later than 24 hours before the time appointed for holding the AGM. (7) Shareholders of the Company or their proxies attending the AGM shall bear their own travel and accommodation expenses.Office Address : 35th Floor Building A Internet Finance Building No.3 Guoxing Avenue Haikou City Hainan Province the PRC (Postcode: 570203) Telephone : (86) 0898-6531 5679 Fax : (86) 0898-6531 5679 Contacts : Zhu Xinguang