The board of directors of Chengdu PUTIAN Telecommunications Cable Company Limited announced that Ms. Xu Liying has tendered her resignation as executive Director and a member of the remuneration and appraisal committee of the Board (the "Remuneration and Appraisal Committee") with effect from 22 December 2020 due to her wish to devote more time on other personal commitment. The Board announced that it has resolved to appoint Mr. Jiang Jianping as an executive Director of the company with effect from 22 December 2020 until the conclusion of the next annual general meeting of the Company. He is currently a deputy general manager of the corporate development department of China PUTIAN Corporation and an executive director of Beijing PUTIAN Investment Management Company Limited.