The board of directors of China Electronics Optics Valley Union Holding Company Limited announced that Ms. Sun Ying has tendered her resignation as a non-executive Director with effect from 26 March 2024 due to change in her work arrangements. The Board announced that, with effect from 26 March 2024, Ms. Zeng Yumei has been appointed as a non-executive Director. The biographical details of Ms. Zeng are set out as follows: Ms. Zeng Yumei, aged 44, graduated from Wuhan University with a Bachelor's degree in Radio and Television Journalism in 2002, a Master's degree in Communications in 2006 and a Doctorate's degree in Communications in 2010.

She has been accredited as a senior economist . She previously attended and obtained a certificate in respect of a management course offered by Tsinghua University PBC School of Finance . Currently, she is the general manager, vice chairman of the board and deputy secretary of the Party Committee of Hubei Science & Technology Investment Group Co.

Ltd. Ms. Zeng is also a director of Wuhan Optics Valley Financial Holding Group Co. Ltd. and the chairman of the board of Hubei Science & Technology Investment Group (Hong Kong) Company Limited. She is also a director of Tianma Microelectronics Co.

Ltd., a company listed on the Shenzhen Stock Exchange. She also serves as a supervisor of Yangtze Memory Technologies Holdings Co. Ltd., Yangtze Memory Technologies Co.

Ltd. and Wuhan Xinxin Semiconductor Manufacturing Co. Ltd. . Between 2010 to 2019, Ms. Zeng held various positions in Wuhan East Lake New Technology Development Zone, including the deputy director of the Office of the Management Committee, deputy director of the Development and Reform Bureau and director of the Talent Office of Wuhan East Lake New Technology Development Zone.

From 2019 to 2022, Ms. Zeng served as the deputy secretary and member of the Party Committee and the vice general manager of Wuhan Hi-Tech Holding Group Co. Ltd. Ms. Zeng has entered into a letter of appointment with the Company for a term of three years commencing on 26 March 2024. Pursuant to the articles of association of the Company, Ms. Zeng will hold office until the forthcoming general meeting of the Company and shall be eligible for re- election at that general meeting.

Ms. Zeng will not be entitled to any remuneration for her position as a non-executive Director.