The supervisory committee of Nanjing Panda Electronics Company Limited has received a resignation letter from Mr. Tu Changbai, the chairman of the Supervisory Committee on 27 December 2018. Mr. Tu resigned as a supervisor of the Company and the chairman of the Supervisory Committee due to change in work arrangements. Upon consideration and approval at the 4th meeting of the ninth session of the Supervisory Committee convened on 27 December 2018, it is resolved to nominate Mr. Zhong Youxiang as a candidate for non- employee representative supervisor of the ninth session of the Supervisory Committee of the Company. The appointment of Mr. Zhong is still subject to the approval at the general meeting of the Company and the Company will submit the same to the general meeting as soon as practicable to perform the election procedures. He had consecutively held various positions including deputy general. From March 2012 to March 2016, he served as an assistant to the general manager of Nanjing Electronics Information Industrial Corporation; and he concurrently served as the head of the administration and legal affairs department from March 2012 to March 2016.