Myanmar's National Defense and Security Council (NDSC) on Thursday formed a new union government and State Security and Peace Commission, the state-owned Myanmar Radio and Television (MRTV) reported.

The union government is led by U Nyo Saw as prime minister, and the State Security and Peace Commission is chaired by Senior General Min Aung Hlaing, the report said.

The NDSC also decided to annul the order transferring the sovereign power to the Commander-in-Chief of Defence Services, according to the report.

Zaw Min Tun, a spokesperson of Myanmar's State Administration Council, said on Thursday the NDSC had decided to end the state of emergency to hold general elections.

In February 2021, Myanmar's then-Acting President U Myint Swe declared a one-year state of emergency and transferred sovereign power to the Commander-in-Chief of Defence Services. The office of the Commander-in-Chief of Defence Services subsequently formed the State Administration Council, with Min Aung Hlaing as its chairman. The NDSC has made multiple six-month extensions until July 31 this year.