Shanxi Changcheng Microlight Equipment Co. Ltd. announced election of Shen Jian, Mr. Song Zhenglai and Ms. Wang Lingling as the executive directors of the Company, Wu Bo as a non-executive director of the Company; the election of Ms. Long Yan, Ms. Ning Lingying and Ms. Qie Hui Fang as the independent non-executive directors of the Company; the election of Mr. Yuan Shaopu and Mr. Song Zhenbao as the shareholder-representative supervisors of the Company have been duly passed by way of poll by the shareholders of the Company and such appointments shall take effect from 30 November 2017. Mr. Guo Xu Zhi, Mr. Shen Jian, Mr. Song Zhenglai, Ms. Wang Lingling, Mr. Yuan Guo Liang, Mr. Wu Bo, Ms. Long Yan, Ms. Ning Lingying and Ms. Qie Hui Fang form the new session of the board of directors of the Company. Ms. Han Xiao Ou and Mr. Dong Yonghong were successfully elected as employee-representative supervisors of the Company at the employee meetings of the Company, Ms. Han Xiao Ou and Mr. Dong Yonghong are formally appointed by the Company as the employee-representative supervisors of the Company effective on 30 November 2017. Ms. Han Xiao Ou, Mr. Dong Yonghong, Mr. Yuan Shaopu and Mr. Song Zhenbao form the new session of supervisory committee of the Company (the "Supervisory Committee"). Ms. Han Xiao Ou is elected as the chairman of the Supervisory Committee with effect from 30 November 2017. Wang Wen Sheng and Mr. Tian Qun Xu retired as the executive directors of the Company at the conclusion of the EGM; Mr. Zhang Shao Hui retired as a non-executive director of the Company at the conclusion of the EGM; and Mr. Ni Guo Qiang, Mr. Li Li Cai and Ms. Zhang Zhi Hong retired as the independent non-executive directors of the Company at the conclusion of the EGM as they intend to spend more time on their personal business. As the resolution approving the re-election of Mr. Duan Zhong as an independent non-executive director of the Company was not passed at the EGM, Mr. Duan Zhong therefore retired as an independent non-executive director of the Company at the conclusion of the EGM. Sun Wei, Mr. Xiang Hui and Ms. Lv Jun Li retired as supervisors of the Company at the conclusion of the EGM as they intend to spend more time on their personal business. Following the retirement of Mr. Wang Wen Sheng, Mr. Wang Wen Sheng ceased to be the chairman of the Board. Mr. Guo Xu Zhi is elected as the chairman of the Board with effect from 30 November 2017. Following the retirement of Mr. Zhang Shao Hui, Mr. Zhang Shao Hui ceased to be the vice chairman of the Board. Mr. Song Zhenglai is elected as the vice chairman of the Board with effect from 30 November 2017. Following the retirement of Mr. Wang Wen Sheng, Mr. Wang Wen Sheng ceased to be the chairman of the nomination committee of the Company. Following the retirement of Mr. Ni Guo Qiang, Mr. Ni Guo Qiang ceased to be a member of the audit committee and nomination committee of the Company. Following the retirement of Mr. Li Li Cai, Mr. Li Li Cai ceased to be the chairman of remuneration committee and a member of the audit committee of the Company. Following the retirement of Ms. Zhang Zhi Hong, Ms. Zhang Zhi Hong ceased to be the chairman of the audit committee and a member of the remuneration committee of the Company. Following the retirement of Mr. Duan Zhong, Mr. Duan Zhong ceased to be a member of the nomination committee of the Company. Mr. Yuan Guo Liang, Ms. Long Yan and Ms. Ning Lingying are appointed as the members of the audit committee of the Company with effect from 30 November 2017. Ms. Long Yan is elected as the chairman of audit committee of the Company with effect from 30 November 2017. Mr. Yuan Guo Liang, Ms. Long Yan and Ms. Qie Hui Fang are appointed as the members of the remuneration committee of the Company with effect from 30 November 2017. Ms. Long Yan is elected as the chairman of remuneration committee of the Company with effect from 30 November 2017. Mr. Guo Xu Zhi, Ms. Long Yan and Ms. Qie Hui Fang are appointed as the members of nomination committee of the Company with effect from 30 November 2017. Mr. Guo Xu Zhi is elected as the chairman of nomination committee of the Company with effect from 30 November 2017. Following the retirement of Mr. Wang Wen Sheng, Mr. Wang Wen Sheng ceased to be the compliance officer and the authorized representative of the Company. Mr. Guo Xu Zhi is appointed as the compliance officer and the authorized representative of the Company with effect from 30 November 2017. Guo is currently the secretary of the Party Committee of Taiyuan Changcheng Optics Electronics Industrial Corporation. Shen is currently the deputy general manager of the Company and the secretary of the Board. Song Zhenglai is currently the financial controller of the Company. Wang Lingling is currently the vice general manager of technical quality and the chief engineer of the Company. Yuan Guo Liang has been the non-executive director of the Company since May 2011. From February 2008 to the present, Wu Bo has been the executive director and general manager of Shenzhen Ronger Optics & Electronic Technology Development Co. Ltd. Long Yan is currently the chief financial officer and the secretary of the board of directors of Beijing Renda Strategy Management Consulting Co. Ltd. Ning Lingying is currently the chairman of Taiyuan Weigang Experimental School. Qie Hui Fang has been a teacher at Taiyuan 4th Experimental School since 2002. Han Xiao Ou is currently the chairman of the labor union and the secretary of the Communist Youth League of Taiyuan Chancheng Optics Electronics Industrial Corporation and the chairman of the Supervisor Committee and the senior of general manager of the Company. Dong Yonghong has been the project manager of the research and development centre of the Company since February 2006. Yuan Shaopu is currently an attorney of China Commercial Law Firm. Song Zhenbao is currently a business management consultant of Changchun Huaqingyuan Technology Co. Ltd.