Securities code: 600237 Securities abbreviation: Tongfeng Electronic Number: Lin 2020-048

Anhui Tongfeng Electronics Co., LTD
Announcement of resolution of 14th Meeting of 8th Board of Directors

The board of directors and all the directors of the Company warrant that there is no false record, misleading statement or material omission in the content of this announcement, and bear individual and joint liability for the authenticity, accuracy and completeness of the content.

I. The holding of Board of Directors meetings

1. The meeting of the Board of Directors is held in accordance with the relevant provisions of the Company Law of the People's Republic of China and the Articles of Association.

2. Notice and documents of the board meeting shall be sent to all directors of the Company in writing and by fax on November 2, 2020.

3. This Board of Directors meeting will be held on November 6, 2020 by means of a communication vote.

4. At this board meeting, 7 directors shall participate in voting, and 7 directors actually participate in voting.

Ii. Review of the Board meeting

1. To review and approve the proposal on the early election of the board of directors of the Company and the nomination of candidates for the ninth Board of directors;

In view of the change of the controlling shareholders and actual controllers of the Company, in order to improve the corporate governance structure, ensure effective decision-making and steady development of the company, the board of directors of the Company has decided to hold an early election in accordance with the Company Law, China Securities Regulatory Commission's Guidance on Establishing the Independent Director System in Listed Companies, the Company's Articles of Association and other relevant provisions. Recommended by the controlling shareholders of the Company and approved by the nominating Committee of the Board of Directors of the Company, Mr. Huang Mingqiang, Mr. Liu Qi, Mr. Chen Bing and Mr. Zhang Feifei are proposed to be nominated as director candidates for the 9th Board of Directors of the Company.

The Board of Directors voted on each candidate item by item, and the voting results are as follows:

(1) To consider and approve the nomination of Mr. Huang Mingqiang as director candidate for the ninth Board of Directors of the Company;

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

(2) To consider and approve the nomination of Mr. Liu Qi as director candidate for the ninth Board of Directors of the Company;

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

(3) To consider and approve the nomination of Mr. Chen Bing as director candidate for the 9th Board of Directors of the Company;

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

(4) To consider and approve the nomination of Mr. Zhang Feifei as director candidate for the 9th Board of Directors of the Company;

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

2. To review and approve the proposal on the early election of the board of directors of the Company and the nomination of the independent director candidates for the ninth Board of Directors;

(1) Deliberating and approving the nomination of Mr. Huang Jizhang as an independent director candidate for the 9th Board of Directors of the Company.

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

(2) To consider and approve the nomination of Mr. Ye Yunping as an independent director candidate for the ninth Board of Directors of the Company;

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

(3) Deliberating and approving the nomination of Mr. Chen Wuwei as an independent director candidate for the ninth Board of Directors of the Company.

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

The independent directors of the company carefully examined the relevant proposals for the early election of the board of directors and expressed their independent opinions, believing that the directors of the eighth Board of directors worked conscientiously and responsibly, made scientific and reasonable decisions, and did not violate laws, regulations, articles of association or harm the interests of the company. The independent directors examined the personal resumes and relevant materials of the candidates for the 9th Board of Directors and independent directors recommended by the controlling shareholders and approved by the nominating committee of the Company, and held that the above candidates are in conformity with the provisions of laws, regulations and the Articles of Association concerning the qualifications of directors and independent directors. The procedures and voting results of the nomination of directors and independent director candidates by the Board of directors of the Company comply with relevant laws, regulations and the Articles of Association. The independent directors approve the directors nominated by the Board of Directors of the Company for the ninth Board of Directors and the independent director candidates and agree to submit them to the General Meeting of shareholders for consideration.

The candidates of the above directors and independent directors shall be submitted to the shareholders' meeting of the Company for election by cumulative vote, and shall hold office for a term of three years starting from the date when the election is approved by the shareholders' meeting. Please refer to the attachment for the resume of each director and independent director candidate.

3. Deliberating and adopting the motion on holding the second extraordinary General meeting of shareholders in 2020.

There were 7 votes in favor of this bill, 0 against it, and 0 abstentions.

The Board of Directors decides to hold the second Extraordinary General Meeting of shareholders in 2020 on November 23, 2020 by a combination of on-site and online voting. For details, please refer to the Notice of the Company on holding the Second Extraordinary General Meeting of Shareholders in 2020.

This is to announce.

Attachment: Resume of Director and Independent Director Candidates:

1. Huang Mingqiang: Male, born in December 1967, bachelor degree, engineer, Party member. In July 1988, he worked in ammonium phosphate Plant of Tongling Chemical Industry Group Co., LTD., and successively served as technician, deputy director of workshop and deputy chief of mechanical section. From January 2001 to March 2012, he successively served as Supervisor of Production Department, Director of thermoelectric Workshop, Secretary of Party Branch, Secretary of Political and Industrial Party Branch, and Minister of Human Resources of Anhui Liuliu Chemical Co., LTD. From March 2010 to July 2014, he served as Deputy Secretary of the Party Committee, Secretary of the Discipline Inspection Committee and chairman of the Labor Union of Anhui Liuliu Chemical Co., LTD. From July 2014 to October 2020, he served as a member of the Party Committee, Director of the Nitrogen Fertilizer Plant and Secretary of the General Party Branch of Anhui Liu Guo Chemical Co., LTD. Secretary of the Party Committee of Anhui Tongfeng Electronic Co., LTD.

2. Liu Qi: Male, born in July 1981, bachelor degree, Party member. In July 2001, he started to work in Tongling Economic and Technological Development Zone and successively worked in Finance Bureau, Urban Management Law Enforcement Brigade and Development Zone (Group) Corporation. From October 2011 to December 2016, he successively served as Secretary, Deputy Director of Office and Deputy Manager of Financing Department of Tongling Dajiang Investment Holding Co., LTD. From January 2017 to August 2018, he served as Deputy Manager, Manager and Deputy General Manager of Guarantee Business Department of Tongling Guoyu Financing Guarantee Co., LTD. From September 2018 to June 2020 he served as Deputy General Manager of Tongling Dajiang Investment Holding Co., LTD. From July 2020 to now, he has been the General Manager of Tongling Dajiang Investment Holding Co., LTD.

3. Chen Bing: Male, born in June 1976, bachelor degree, economist, graduate student of Provincial Party School, Member of Communist Party of China. In October 1996, he started to work in Tongling Transport Machinery Factory. From November 2006 to November 2011, I worked for Tongling Circular Economy Industrial Pilot Park and Tongling Industrial Demonstration Park Investment Company respectively. From December 2011 to December 2016 he served as Deputy Manager of Project Investment Department of Tongling Dajiang Investment Holding Co., LTD. From January 2017 to September 2018, he served as the Director of Asset Management Department and assistant to the General Manager of Tongling Zhicheng Investment Services Co., LTD. From September 2018 to now, he has served as Director, general manager assistant and Deputy Branch Secretary of Tongling Dajiang Investment Holding Co., LTD.

4. Zhang Feifei: Male, born in November 1972, university degree, senior auditor, international registered internal auditor, member of the Communist Party of China. From August 1995 to August 1996, he worked as a clerk of Tongling Audit Firm; From August 1996 to August 2019, he successively served as Secretary and Deputy Director of the Office of the Municipal Audit Bureau, Deputy Chief of the Finance and Financial Audit Section, Chief of the General Regulations Section, Director of the Office and Chief of the Financial Audit Section. From August 2019 to now, Member of the Party Committee and Deputy General Manager of Tongling State-owned Capital Operation Holding Group Co., LTD.

5. Huang Jizhang: Male, born in September 1988, Doctor of Accounting, Associate Professor, CPC Member. In 2009, he graduated from the Foreign Language Department of Shanghai University of Finance and Economics with a Bachelor of Arts degree. In the same year, I was admitted to the School of Accounting of Shanghai University of Finance and Economics to pursue a master's and doctoral degree in accounting. During my doctoral study, I visited the Business School of University of Iowa in the United States from 2013 to 2014. From 2015 to now, he has successively served as postdoctoral faculty member, lecturer and associate professor of Shanghai University of Finance and Economics. In recent 5 years, I have presided over 1 project of National Natural Science Foundation and 1 project of Postdoctoral Science Foundation, and participated in 3 projects of National Natural Science Foundation. I have been published in the world-famous Journal of Management Accounting Research. Published papers in the Journal of Accounting, Auditing and Finance. He also serves as an independent director of Anhui Fulde Technology Development Co., LTD. (to be listed) and Shandong Shuoyuan New Material Co., LTD. (to be listed).

6. Ye Yunping: Male, born in July 1976, Doctor of Law, professor, doctoral supervisor, Member of the Communist Party of China. From 1995 to 2007, he received his bachelor's, master's and Doctor's degrees from Zhongnan University of Economics and Law and Xiamen University. He has been a lecturer, associate professor and professor at Shanghai University of Finance and Economics since July 2007. She visited the University of Sheffield in 2012 and the University of Leeds in 2018. He has published more than 40 academic papers and five monographs in influential journals such as Legal Research, Management World, Law, Academic Monthly, and presided over more than 10 vertical and horizontal projects. Currently, he is also a member of the Environmental and Resource Law Research Institute of China Law Society. Standing Member of Environmental Law Branch, Chinese Society of Environmental Sciences; Member of the Judicial Research Institute of Shanghai Law Society.

7. Chen Wuwei: Male, born in November 1951, professor, doctoral supervisor, member of the Chinese Communist Party. He graduated from Hefei University of Technology in 1978 and Wuhan University of Technology in 1983 with a master's degree in automobile towing. In 1999, he graduated from Anhui Institute of Optics and Machinery, Chinese Academy of Sciences with a PhD degree. Since 1997, he has been a professor at Hefei University of Technology. He has presided over more than 20 national and provincial research projects and over 30 projects entrusted by enterprises. He has published more than 300 academic papers, 5 academic monographs, and more than 10 patents. He has won a number of provincial and ministerial awards and is a member of the editorial board of several domestic academic journals. He is currently a professor and doctoral supervisor of School of Automotive and Traffic Engineering, Hefei University of Technology, and vice president of Anhui Vibration Engineering Society. He has been an independent director of the Company since July 2017.