OFCO Industrial Corporation announced establishment of the 5th term of Remuneration Committee. Name of the functional committees: Audit Committee. Name of the previous position holder: Huang Jingrong, Zhang Wenhuai,Qiu Baogui.

Resume of the previous position holder: Huang Jingrong: None; Zhang Wenhuai: NONE; Qiu Baogui: Adjunct Lecturer, Department of Business Administration, Xingwu University of Science and Technology. Name of the new position holder: Independent director Huang Jingrong; Independent director Zhang Wenhuai; Independent director Wang Binquan. Resume of the new position holder: Huang Jingrong: Supervisor of Zongjing Investment Co.

Ltd.; Zhang Wenhuai: none; Wang Binquan: independent director of United Fiber Optic Communication Inc. Reason for the change: term expired. Effective date of the new member: August 9, 2023.