The resolution of the board of directors refers to the resolutions of the board of directors on matters considered by the board of directors, voted by the procedures stipulated by law or bylaws, and is the embodiment of the collective will of the board of directors.

  Announcement Template of the Board of Directors Resolution: The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint responsibility for the truthfulness, accuracy and completeness of the contents.

    I. Meeting of the board of directors

             (1) The convening and convening of this board meeting is in compliance with relevant laws, regulations and the relevant provisions of the company's "Articles of Association".

            (II) On February 23, 2017, the company issued a notice of the board meeting by fax, e-mail and personal delivery.

            (III) On February 28, 2017, the board meeting was held by way of voting by correspondence.

            (4) The company has eight existing directors and eight directors who voted.

    Second, the deliberation of the board meeting

         1. Proposal on foreign investment of subsidiaries

     After deliberation and voting, the board of directors passed the “Proposal on Foreign Investment of Subsidiaries”.

     Voting results: 8 votes in favor, 0 votes against, and 0 abstentions.

     After deliberation and voting, the board of directors passed the "Proposal on Authorization of the Chairman of the Board of Directors".

     Voting results: 8 votes in favor, 0 votes against, and 0 abstentions.

     Special announcement. Board of Directors February 28, 2017