The resignation of Mr. Li Guoping from the general manager of the company will not affect the normal operation of the company. According to the relevant provisions of the "Company Law" and the "Articles of Association", the resignation report submitted by Mr. Li Guoping came into effect when it was delivered to the board of directors. Before the appointment of the new general manager, Mr. Li Guoping, the chairman of the board, continued to perform the duties of general manager.
The company held the 6th meeting of the second board of directors on October 24, 2013, and reviewed and approved the “Proposal on Appointing the General Manager of the Companyâ€. After the nomination of Mr. Li Guoping, the chairman of the company, the independent directors issued independent opinions and agreed to appoint the company. Mr. Lei Lining, the executive deputy general manager, is the general manager of the company. The term of office is from the date of deliberation and approval of the board of directors to the expiration of the second board of directors.

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