Nanjing Panda Electronics Company Limited (00553) has issued an announcement that Daxin Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Daxin") has provided audit services to the company for three consecutive years.

Daxin recently submitted a written resignation letter to the company, resigning from the company's 2026 annual financial statement and internal control audit business.

Following review by the Audit and Risk Management Committee, the board of directors proposes to appoint Baker Tilly International Certified Public Accountants (Special General Partnership) (hereinafter referred to as "Baker Tilly International") as the company's 2026 annual international auditor, domestic auditor and internal control auditor. This appointment of the 2026 annual audit institution is still subject to review and approval by the company's shareholders' meeting, and shall take effect from the date of approval by the company's shareholders at the shareholders' meeting.