China Display Optoelectronics Technology Holdings Limited announces that Mr. ZHAO Jun has tendered his resignation as an executive Director with effect from 4 March 2021 due to his other personal commitments which require more of his dedication and time commitment; and Mr. ZHANG Feng has been appointed as an executive Director with effect from 4 March 2021. Mr. ZHAO Jun has tendered his resignation as an executive Director with effect from 4 March 2021 due to his other personal commitments which require more of his dedication and time commitment. Mr. ZHAO Jun has confirmed that he has no claim against the Company whatsoever whether in respect of fees, remuneration, severance payments, pension, expenses or compensation or otherwise in respect of his resignation as an executive Director and there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited. The Board announced that with effect from 4 March 2021, Mr. ZHANG Feng has been appointed as an executive Director.