Nanjing Panda (00553) elects Yi Guofu as the workers' representative director.

Nanjing Panda (00553) announced that the Board of Directors recently received a written resignation letter from Mr. Yi Guofu, a non-executive director of the company. Due to adjustments in the company's governance structure and work arrangements, Mr. Yi Guofu applied to resign from his position as a director of the company and from related committees under the Board of Directors. After his resignation, Mr. Yi Guofu will continue to hold other positions in the company. In accordance with the Company Law, the Guidelines of the Articles of Association of Listed Companies, relevant laws and regulations, normative documents, and the Company's Articles of Association, and taking into account changes in the company's board of directors, the company recently held a joint meeting of the Union Committee members and the Group Leaders of the Workers' Congress to elect Mr. Yi Guofu as a worker representative director of the 11th Board of Directors, with a term that is consistent with the 11th Board of Directors of the company.