Panda Green Energy Group Limited announced that at the AGM held on September 2, 2020, the ordinary resolution No. 2 regarding re-election of Mr. Yu Qiuming as a non-executive Director was not passed at the AGM, Mr. Yu Qiuming retired as a non-executive Director at the conclusion of the AGM. Accordingly, Mr. Yu Qiuming also ceased to be the executive chairman of the strategy committee of the Company following his retirement.