Nanjing Panda Electronics Co., Ltd. held the 24th meeting of the 10th Board of Directors on March 28, 2024. The meeting was attended by all nine directors and chaired by Chairman Mr. Shide Chuan. The meeting reviewed and approved a number of motions including the Company's 2023 Board Work Report, General Manager Work Report, Profit Distribution Plan, etc. Among them, the company realized a net profit attributable to the shareholders of the listed company in 2023 of RMB-237,862,230.10 and decided not to make a profit distribution. In addition, the meeting approved a plan to purchase the liability insurance of directors, supervisors and senior managers for 2024, as well as the amortization of partially recoverable receivables and unpaid receivables. All approved motions will be submitted to the Company's General Meeting for further consideration. The Company plans to hold the 2023 Annual General Meeting before June 30, 2024, at which time the above resolutions will be considered.

Nanjing Panda Electronics Co., Ltd. held the 24th meeting of the 10th Board of Directors on March 28, 2024. The meeting was attended by all nine directors and chaired by Chairman Mr. Shide Chuan. The meeting reviewed and approved a number of motions including the Company's 2023 Board Work Report, General Manager Work Report, Profit Distribution Plan, etc. Among them, the company realized a net profit attributable to the shareholders of the listed company in 2023 of RMB-237,862,230.10 and decided not to make a profit distribution. In addition, the meeting approved a plan to purchase the liability insurance of directors, supervisors and senior managers for 2024, as well as the amortization of partially recoverable receivables and unpaid receivables. All approved motions will be submitted to the Company's General Meeting for further consideration. The Company plans to hold the 2023 Annual General Meeting before June 30, 2024, at which time the above resolutions will be considered.