The board of tHonghua Group Limited announced that Mr. Zhu Hua ("Mr. Zhu"), an Executive Director and the Executive Vice President of the Company, has been promoted to the President of the Company with effect from 7 February 2024. Mr. Zhu, aged 40, has been an Executive Director and the Executive Vice President of the Company from July 2022. He once served as a director, general manager and party secretary of MHPS Dongfang Boiler Co.

Ltd., a subsidiary of Dongfang Electric Corporation. 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 Group 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.