*St Gao Sheng (000971): Independent Director Resigns At The End Of His Term Of Office

The board of directors of the company received written resignation reports from Mr. Chen Guoxin and Mr. radar on December 29, 2020. Mr. Chen Guoxin and Mr. radar have been serving as independent directors of the company for six years. According to relevant laws and regulations, normative documents, articles of association and independent director system, the re-election period of independent directors shall not exceed six years. Mr. Chen Guoxin and Mr. radar now request to resign from the positions of independent director and special committee of the board of directors of the company. Mr. Chen Guoxin and Mr. radar will no longer hold any positions in the company after resigning from the above positions.

In view of the resignation of Mr. Chen Guoxin and Mr. radar, the number of independent directors of the company will be less than one third of the members of the board of directors; the resignation of Mr. Chen Guoxin will lead to the lack of accounting professionals among the independent directors of the company. According to the company law, the guiding opinions on the establishment of the independent director system in listed companies, the guidelines for the standardized operation of Listed Companies in Shenzhen Stock Exchange, and the articles of association, the resignations of Mr. Chen Guoxin and Mr. radar will take effect after the election of new independent directors by the general meeting of shareholders of the company. During this period, Mr. Chen Guoxin and Mr. radar will continue to perform their duties as independent directors and special committees of the board of directors in accordance with relevant laws, regulations and the articles of association. The board of directors of the company will complete the by election of new independent directors as soon as possible in accordance with relevant provisions.

The board of directors of the company sincerely thanks Mr. Chen Guoxin and Mr. radar for their contributions to the company during their tenure of office!