Nanjing Panda Electronics Company Limited announced that the appointment of Mr. Chu Wai Tsun, Baggio as an independent non-executive director of the Company. The Company would like to clarify that due to inadvertent clerical error, the name of Mr. Chu should be Mr. Chu Wai Tsun, Baggio instead of Mr. Chu Wai Tsun Vincent as set out in the Announcements.