Announcement from Yue'an New Materials, the board of directors of the company recently received the written resignation report from the independent director Mr. Wei Fei. Due to personal reasons, Mr. Wei Fei has submitted his resignation from the position of independent director of the second session of the board of directors of the company, and also resigned from his positions as a member of the board of directors' strategic committee and the board of directors' technology committee. After resigning, Mr. Wei Fei will no longer hold any position in the company. Mr. Wei Fei's resignation report will take effect after the election of new independent directors at the company's shareholders' meeting. Before the new independent directors take office, Mr. Wei Fei will continue to fulfill his responsibilities as an independent director of the company and in the respective committees of the board of directors.