Due to other work commitment, on 16 October 2020, Mr. Chen Yuanxian applied to the Board for resignation as the Director of AviChina Industry & Technology Company Limited, the chairman of the Board as well as all other positions in each of the special committees of the Board. The resignation as the chairman of the Board as well as all other positions in each of the special committees will take effect from 16 October 2020 while the terms of office of Mr. Chen as a Director will not be terminated until the appointment of the candidate for new Director has been approved at the Shareholders' general meeting of the company. At the Board meeting held on 16 October 2020, Mr. Wang Xuejun was elected as the chairman of the sixth session of the Board as well as the chairman of the Nomination Committee and the Development and Strategy Committee of the Board. Due to other work commitment, Mr. Wang applied to the Board for resignation as the general manager of the company. At the Board meeting held on 16 October 2020, the Board considered and approved the resolution in relation to the appointment of Mr. Zhao Hongwei as the general manager of the company, with the term of office commencing from the date of approval of such resolution to the date on which the Board removes his duty.