Change of Directors and Senior Management of Panda Green

On 21 February 2020, the Board of Panda Green announced the changes in senior management of the company. Mr. Zhang Ping was appointed as an executive director, the chairman of the board and the chief executive officer of the Company. Mr. Huang Hui was appointed as an executive director and the chief finance officer. According to the changes, the members of the underlying committees of the Board were also adjusted.