The board of directors of Shanghai Fudan Microelectronics Group Company Limited announced that Mr. Xu Zhihan, a supervisor of the Company, has notified the supervisor committee of the Company on 15 March 2019 that due to his busy schedules on other commitments which deterred him from committing sufficient time and attention to the affairs of the Company, will retire upon the expiry of his term and effective from the date of the Company's forthcoming extraordinary general meeting in respect of proposed A Share Offering. The Board announced that the Supervisor Committee has proposed to appoint Mr. Ren Junyan as Supervisor to fill the casual vacancy caused by Mr. Xu's retirement and a resolution will be proposed for approval at the EGM. Mr. Ren is a professor of the school of microelectronics of the Fudan University, a doctoral advisor and a member of The Institute of Electrical and Electronics Engineers.