Nanjing Panda Electronics Company Limited (the "Company") announced that as nominated by Nanjing Electronics Information Industrial Corporation, a shareholder of the Company (holding 3.93% of the shares of the Company and holding 23.05% of the shares of the Company through Panda Electronics Group Limited, the controlling shareholder of the Company, therefore holding 26.98% of the shares of the Company in aggregate) and reviewed and approved by the nomination committee of the board of directors (the "Board"), Mr. Lv Song has been appointed by the Board as a candidate for non-executive director of the tenth session of the Board of the Company, with effect from the date of passing the relevant resolution at the general meeting of the Company. At the twenty-second meeting of the tenth session of the Board of the Company convened on 20 November 2023, the nomination of Mr. Lv Song as a candidate for non-executive director of the tenth session of the Board of the Company, for a term of office until the expiry of that of the tenth session of the Board of the Company was considered and approved, and the submission of the same to the general meeting of the Company for consideration was approved. Mr. Lv Song, born in 1985, holds a Bachelor's degree in law obtained from Nanjing University of Finance & Economics, and possesses qualification in legal profession and a company lawyer certificate.

He once served successively as a legal affairs officer of the legal affairs department in Panda Electronics Group Limited, a legal affairs officer in the office of Panda Electronics Group Limited, a legal affairs officer of the administration and legal affairs department, an executive secretary and a deputy director of the legal affairs office in Nanjing Electronics Information Industrial Corporation. From March 2017 to January 2019, he served as the deputy director (presiding) of the administration and legal affairs department and the director of the confidentiality office in Nanjing Panda Electronics Company Limited, from February 2019 to January 2020, he served as the director of the administration and legal affairs department and the director of the confidentiality office in Nanjing Panda Electronics Company Limited, and from January 2020 to September 2021, he served as the general counsel, the director of the administration and legal affairs department and the director of the confidentiality office in Nanjing Panda Electronics Company Limited. From September 2021 to present, he has been the deputy director (presiding), director of the administration and legal affairs department and the office of the board of directors and supervisory committee, and the deputy director of the legal affairs office of Nanjing Electronics Information Industrial Corporation, and from May 2022 to present, he has been the secretary to the board of directors of Nanjing Electronics Information Industrial Corporation.

Mr. Lv Song has been long engaged in corporate administration and legal affairs management and has extensive expertise in legal profession and experiences in management. The term of service of Mr. Lv Song will expire at the end of the term of office of the tenth session of the Board of the Company. The appointment of Mr. Lv Song as a member of the audit committee was approved by the tenth session of the Board of the Company at the Board meeting convened following the EGM on 15 December 2023.

The appointment shall take effect from 15 December 2023 until the expiry of the term of the tenth session of the Board.