Chongqing Machinery & Electric Co., Ltd. appointed Sun Wenguang as the supervisor to fill in the vacancy upon Mr. Xiang Hu's resignation, which was approved by the shareholders at the 2018 first extraordinary general meeting. Mr. Sun Wenguang was also appointed as the chairman of the supervisory committee of the Company at the 2018 second extraordinary meeting of the fourth supervisory committee on October 30, 2018. Mr. Sun's term is effective on October 30, 2018 until the expiration of the current session of the supervisory committee.