On 6 June 2023, the board of directors of Nanjing Panda Electronics Company Limited (the "Company") received a written resignation report from Mr. Zhou Guixiang, who applied for resignation as the chairman and a director of the tenth session of the board of directors of the Company and the relevant positions in the committees under the board of directors due to adjustment of work arrangements. After the resignation, he will no longer hold other positions in the Company. Pursuant to relevant provisions of the Company Law and the Articles of Association, the resignation of Mr. Zhou Guixiang will not lead to the number of members of the board of directors of the Company falling below the quorum, nor will it affect the normal operation of the board of directors of the Company and his resignation report will take effect from the date of its being served on the board of directors.