The board of directors of Luoyang Glass Company Limited announced that the Company has recently received a resignation letter from Mr. Ni Zhisen, an executive Director and the general manager and authorised representative of the Company. Due to work rearrangement, Mr. Ni Zhisen ceased to be an executive Director, the general manager of the Company and ceased to be a member of the strategic committee of the Company, all with effect from 21 November 2018. The Board is announced that Mr. Ma Yan has been appointed as the authorised representative of the Company with effect from 21 November 2018 upon the resignation of Mr. Ni Zhisen.

Pursuant to the relevant requirements of the Company Law and the Articles of Association and upon examination and approval by the nomination committee under the Board and unanimous consent of all independent directors of the Company, the Company resolved to appoint Mr. Ma Yan as the general manager of the Company, and Mr. Zhang Rong and Mr. Yang Bomin as deputy general managers of the Company at the sixty-first meeting of the eighth session of the Board held on 21 November 2018. Mr. Ma Yan had served as the chief financial officer of Bengbu Chemical Machinery Company Limited., an assistant to the head of the finance department of Bengbu Glass Industry Design Institute the chief financial officer of Chengdu China Optoelectronics Technology Company Limited, and the chief financial officer of Anhui Fangxing Science & Technology Company Limited.