Gelonghui, December 4 - shenzhen minde electronics technology (300656.SZ) announced that the board of directors recently received a written resignation letter from General Manager Mr. Xu Wenhuan. To better achieve the company’s strategic goals and enhance the listed company's control over core strategic assets, as well as to focus on supporting the continuous high-quality development of the smart IDM power semiconductors business, Mr. Xu Wenhuan applied to resign from the position of General Manager, with the original term set to end on the day the fourth board of directors concludes. After resigning from the position of General Manager, Mr. Xu Wenhuan will continue to serve as the company's Chairman and as a member of the special committee. As of the date of this announcement, Mr. Xu Wenhuan holds 21,408,351 shares of the company, accounting for 12.51% of the company's total share capital, thus being the company's controlling shareholder and actual controller.

Upon nomination by the chairman of the company and approval by the board of directors’ nomination committee, the board of directors has decided to appoint Mr. Huang Xiaodong as the company's General Manager, with a term starting from the date of approval by this board of directors until the end of the fourth board of directors' term.