Beijing Jingcheng Machinery Electric Company Limited announced that the twentieth extraordinary meeting of the ninth session of the board of directors held on 28 February 2020 consented Mr. Fan Yong to be appointed as the chairman of the audit committee of the ninth session of the Board and Mr. Liu Ning as a member of the audit committee of the ninth session of the Board for the term commencing from 28 February 2020 until the 2019 annual general meeting. Commencing from 28 February 2020, Mr. Yang Xiaohui ceases to be the chairman and a member of the audit committee. Mr. Fan is currently a founding partner of Beijing Yi Hui Jin Tong Asset Management Co. Ltd., chairman of Shenzhen Houshi Network Technology Company Limited and an independent director of Shenzhen Fountain Corp. and an independent non-executive director of the ninth session of the Board of Beijing Jingcheng Machinery Electric Company Limited. Liu Ning is currently the director and senior partner of B.J.H & New Era Law Firm ember of the Economics Committee of All-China Lawyers Association, member of the Legislative Committee of the Central Committee of China Democratic League, researcher of Food and Drug Industry Development and Regulatory Research Center of Chinese Academy of Social Sciences, legislative consultant of Beijing Municipal People's Congress, member of the Eighth Committee of Chinese People's Political Consultative Conference of Haidian District of Beijing, member of Beijing Municipal Committee of China Democratic League, deputy director of the Social and Legal Affairs Committee of Beijing Municipal Committee of China Democratic League and executive member of Beijing Federation of Industry & Commerce and an independent non-executive director of the ninth session of the Board of Beijing Jingcheng Machinery Electric Company Limited.