TIMES ELECTRIC (03898) announced that the term of the company's seventh board of directors is approaching its conclusion. Until the eighth board assumes office, the members of the seventh board will continue to perform their duties in accordance with applicable laws, regulations, and the company's articles of association (as amended from time to time). Following nominations by the board's nomination committee and the board itself, the company has proposed the following list of candidates for appointment as executive directors and independent non-executive directors to the eighth board: (a) Three executive director candidates: Mr. Li Donglin, Mr. Shang Jing, and Mr. Xu Shaolong; (b) Four independent non-executive director candidates: Mr. Li Kaiguo, Mr. Zhong Ninghua, Mr. Lin Zhaofeng, and Ms. Feng Xiaoyun.