The board of directors of Jiangsu NandaSoft Technology Company Limited announced that Mr. Lin Hui (Mr. Lin) has decided to retire since expiration of his current term of office falling on 29 December 2020. Mr. Lin has retired as supervisor of the Company effective from 29 December 2020. Mr. Lin has confirmed that he does not have any disagreement with the Board and the supervisory committee of the Company and that there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company.