The Company and all the members of the Board of Directors warrant that the contents of the Announcement are true, accurate and complete without any false record, misleading statement or material omission, and shall be jointly and severally liable for the authenticity, accuracy and completeness of the contents.

Resignation of the basic situation

1.Basic information The Supervisory Committee of the Company received the resignation report submitted by the supervisor Mr. Wang Kai-rong on 15 March 2017. The resignation supervisor holds 0 shares of the company shares, accounting for 0.00% of the company's share capital. Mr. Wang Kai-rong ceased to hold any other duties after his resignation.

2.Reason for resignation: job needs, job changes.

The effect of the resignation of the above personnel on the company

1.Impact on the number of members of the board of supervisors Mr. Wang Kairong's resignation resulted in the number of members of the board of supervisors being below the legal minimum. In accordance with the relevant provisions of the Company Law and the Articles of Association, Mr. Wang Kai-rong's resignation will take effect after the election of the new Supervisors at the Company's Shareholders' General Meeting. Prior to this, Mr. Wang Kai-rong continued to follow the relevant laws, regulations and the Articles of Association Perform the duties of supervisors.

2.On the company's production and operation of Mr. Wang Kai-rong during his tenure as chairman of the board of supervisors; resign from the post of chairman of the board of directors of the company's production and operation will not adversely affect. Third, for the file list Mr. Wang Kai Rong's resignation.