At the EGM held on January 17, 2020 Yangtze Optical Fibre And Cable Joint Stock Limited Company announced that Mr. Yao Jingming and Ms. Zheng Huili, have retired from their positions as non-executive Directors, and Dr. Ngai Wai Fung, Dr. Ip Sik On Simon, Mr. Li Ping and Dr. Li Zhuo have retired from their positions as independent non-executive Directors with effect from the conclusion of the EGM. Each of Mr. Guo Tao, and Ms. Lai Zhimin has been elected and appointed as a non-executive Director; and each of Mr. Bingsheng Teng, Mr. Liu Deming, Mr. Song Wei and Dr. Wong Tin Yau, Kelvin has been elected and appointed as an independent non-executive Director, respectively, who together, constitute the third session of the Board. In view of the retirement of Dr. Ngai Wai Fung, Dr. Ip Sik On Simon, Mr. Li Ping and Dr. Li Zhuo, the Board has resolved that with effect from January 17, 2020, the composition of each of the committees of the Board would be adjusted as follows: (a) the Audit Committee of the Board would comprise of Mr. Song Wei, Dr. Wong Tin Yau, Kelvin and Mr. Liu Deming, and would be chaired by Mr. Song Wei; (b) the Nomination and Remuneration Committee of the Board would comprise of Mr. Bingsheng Teng, Mr. Frank Franciscus Dorjee and Mr. Song Wei, and would be chaired by Mr. Bingsheng Teng; and (c) the Strategy Committee of the Board would comprise of Mr. Ma Jie, Mr. Philippe Claude Vanhille, Mr. Zhuang Dan and Mr. Bingsheng Teng, and would be chaired by Mr. Ma Jie.