The Supervisory Committee of Beijing Jingcheng Machinery Electric Company Limited announced that, Mr. Miao Junhong submitted his resignation notification to the Supervisory Committee to resign from the positions of chairman of the Supervisory Committee and supervisor of the Company due to changes in work arrangement. The Supervisory Committee fully respects the decision of Mr. Miao and has accepted his resignation. The resignation of Mr. Miao shall take effect after a new supervisor is elected at the general meeting.