The board of directors of Shanghai Fudan Microelectronics Group Company Limited announced that Mr. Chen Baoying ("Mr. Chen"), an independent non-executive director of the Company has notified the Board on 30 March 2019 that due to reaching high age, will resign from the post of independent non-executive director effective from the date of the Company's forthcoming annual general meeting (the "AGM"). The Board also announced that the nomination committee of the Company has approved to propose the election of Mr. Cao Zhongyong ("Dr. Cao") as independent non-executive director to fill the casual vacancy caused by Mr. Chen's resignation and a resolution will be proposed by the Board for approval at the AGM. Upon the passing of the resolution proposed to elect Dr. Cao as independent non-executive director at the AGM, the Company will enter into an independent non-executive director service contract with Dr. Cao for a term of 3 years from the date of AGM until the expiry date of the 8th session of the Board, which is 30 May 2022. Dr. Cao will be entitled to a monthly travelling allowance of RMB 3,000.