The Board of Chengdu PUTIAN Telecommunications Cable Company Limited announced the changes of the Company with effect from 22 November 2018. Mr. Zhang Xiaocheng has resigned as the chairman of the Board, an executive Director, the chairman of the Strategic Development Committee and legal representative of the company. Mr. Wang Micheng has resigned as the vice chairman of the Board and a member of the Strategic Development Committee, and the authorised representative of the company. Mr. Fan Xu has resigned as an executive Director and member of the Nomination Committee. Mr. Wu Changlin has been appointed as an executive Director, chairman of the Board, chairman of the Strategic Development Committee and legal representative of the company. Mr. Hu Jiangbing has been appointed as an executive Director, vice chairman of the Board, member of the Strategic Development Committee and authorised representative of the company. Mr. Wang Micheng has been appointed as a member of the Nomination Committee. Mr. Zhang and Mr. Fan have confirmed that they had no disagreement with the Board and there are no matters in relation to their resignation as executive Directors that needed to be brought to the attention of the shareholders of the company. Mr. Wu Changlin, aged 53, obtained a bachelor's degree in economics from Beijing Vocational College of Finance and Commerce in July 1989. Mr. Wu was the general accountant of Beijing Putian Taili Telecommunications Technology Co. Ltd. from April 1999 to November 2000 and the vice general manager from April 1999 to January 2005. Mr. Wu later joined as the financial controller China Potevio Company Limited in February 2005 and the deputy general accountant of China PUTIAN Corporation in October 2005 and was subsequently promoted to the position of general accountant of Potevio Group since December 2006. Mr. Wu is currently the general accountant of Potevio Group and a committee member of the party committee and also an executive director, a committee member of Executive Committee and the financial controller of China Potevio. Mr. Wu concurrently serves as chairman of China Potevio PolyPay Co. Ltd. and as a director China Potevio Company Limited, Putian Eastern Communications Group Co. Ltd. and Putian New Energy Co. Ltd., respectively. The Company has entered into a service contract with Mr. Wu commencing from 22 November 2018 until the conclusion of the term of the ninth session of the Board. Mr. Wu will not receive any remuneration or director's fees during his terms of office. Mr. Hu Jiangbing, aged 50, obtained a bachelor's degree in engineering from Chongqing Institute of Posts and Telecommunications currently known as Chongqing University of Posts and Telecommunications in July 1992. Mr. Hu has extensive experience in telecommunication technology and corporate management. Mr. Hu worked at Xi'an Putian Communication Equipment Factory from August 1992 to June 2015, during which Mr. Hu was a technician of the institute and an engineer of the video branch of the factory from August 1992 to August 1998, and the deputy factory manager of the machine branch of the factory from August 1998 to April 2002; he was the general manager of the technical quality department and the secretary of the branch from April 2002 to March 2005; he was the deputy factory manager from April 2005 to June 2015, and also the general manager of China Putian Information Industrial Xi'an Company. Mr. Hu subsequently joined Xi'an Putian Telecommunication Co. Ltd. in June 2015 and served as a committee member of the party committee and the deputy general manager. The company has entered into a service contract with Mr. Hu commencing from 22 November 2018 until the conclusion of the term of the ninth session of the Board. Mr. Hu will not receive any remuneration or director's fees during his terms of office.