China Electronics Corporation Holdings Company Limited announced that it has resigned from his position as an Executive Director, the Managing Director, and a member of the Remuneration and Nomination Committee of the board with effect from August 24, 2012 due to a change of work arrangement. Mr. Fan Qingwu has confirmed that there is no disagreement with the board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders. The board announced that Mr. Xie Qinghua has been appointed as an Executive Director, the Managing Director, and a member of the Remuneration and Nomination Committee of the board with effect from August 24, 2012.