Nanjing Panda Electronics Company Limited (stock code: 00553) reported that three senior executives resigned on 30 October 2026 due to changes in work arrangements. Executive Director, General Manager and Legal Representative Mr. Hu Huichun; Employee Director Mr. Yi Guofu; and Deputy General Manager Mr. Hu Dali have each submitted written resignation letters, effective upon receipt by the Board.

Mr. Hu Huichun also stepped down from the Board’s Nomination Committee and Strategy & Sustainable Development Committee. The company confirmed his departure does not reduce the Board below the statutory minimum nor disrupt normal operations. He holds no company shares, has no pending commitments or disputes, and has committed to an orderly transition.

Employee Director Mr. Yi Guofu likewise resigned his Board seat and committee role, with the company planning to conduct a by-election for an employee director in accordance with legal procedures. Mr. Yi owns no shares in the company and reported no outstanding commitments or disputes.

Deputy General Manager Mr. Hu Dali’s resignation is similarly effective immediately. He holds no shares and has pledged full cooperation for a smooth handover.

Nanjing Panda’s Board, now chaired by Mr. Xia Dechuan, expressed gratitude for the departing executives’ contributions. The company states that ongoing operations and governance structures remain intact, and statutory requirements for Board composition continue to be met.