The board of directors of China Electronics Corporation Holdings Company Limited announced that Mr. Rui Xiaowu has resigned from his position as a Non-executive Director and the Chairman of the Board, with effect from January 19, 2016. Mr. Xie Qinghua has also resigned from his position as an
Executive Director of the company, the Managing Director of the company, and a member of the Remuneration and Nomination Committee of the Board with effect from January 19, 2016. Both Mr. Rui and Mr. Xie have resigned due to changes of work arrangement. Mr. Rui and Mr. Xie have both confirmed that they have no disagreement with the Board and/or the company, and there is no matter relating to their resignation that needs to be brought to the attention of the shareholders of the company. The Board announced that Mr. Dong Haoran, a Non-executive Director of the company, has been appointed as the Chairman of the Board with effect from January 19, 2016. The Board announced that Mr. Liu Hongzhou, an Executive Director of the company, has been appointed as the Managing Director of the company and a member of the Remuneration and Nomination Committee of the Board with effect from January 19, 2016 and he will cease to be the Vice Chairman of the Board from the same date. The Board announced that Mr. Ma Yuchuan has been appointed as an Executive Director of the company and the Vice Chairman of the Board, and Mr. Jiang Juncheng has been appointed as a Non-executive Director of the company with effect from 19 January 2016. Mr. Ma Yuchuan is the deputy general manager of Huada Semiconductor Co., Ltd, a director of Hua Hong Semiconductor Limited, a director of Shanghai Belling Co., Ltd, a director of Shanghai Huahong Integrated Circuit Co., Ltd, a director of CEC Huahong International Co., Ltd, and a director of Chengdu Sino Microelectronics Technology Co. Ltd. Mr. Jiang Juncheng is the chief accountant of Huada Semiconductor Co., Ltd, the financial controller of CEC Huada Electronic Design Co., Ltd, and the chairman of the supervisory committee of Shanghai Belling Co. Ltd. Mr. Jiang joined Huada Electronics in 2002 and possess a wealth of experience
in finance and corporate management.