China Electronics Optics Valley Union Holding Company Limited announced that Mr. Hu Bin has been re-designated from an executive Director to a non-executive Director, and ceased to act as a member of the Remuneration Committee and the executive president of the Company; Mr. Xiang Qunxiong, a non-executive Director has been appointed as a member of the Remuneration Committee. The Board further announces that Ms. Huang Min ("Ms. Huang") has tendered her resignation as the chief financial officer of the Company with effect from 8 September 2021 due to work reallocation. Ms. Huang has confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the Shareholders. The Board is also pleased to announce that, with effect from 8 September 2021, Mr. Tian Maoming ("Mr. Tian") has been appointed as the chief financial officer of the Company.