The Board of Directors of the Company has established a Nomination Committee. The Committee can nominate candidates for the Board of Directors according to the terms of reference of the Nomination Committee. Pursuant to the Articles of Association, the Company's shareholders can also nominate director candidates. The list of director candidates is proposed and submitted by the Company's Board of Directors to the Shareholders' Meeting of the Company for approval. Written notice of the nomination of a director candidate and the candidate's indication of his/her willingness to accept the nomination shall be sent to the Company no earlier than the date of the notice of shareholders' meeting and no later than the date of the shareholders' meeting. The period of nomination and acceptance of nomination shall not be less than 7 days.

The Company's Nomination Committee is composed of two independent non-executive directors, Du Zhaohui,Liu Yunhong, Lu Wen and Chen Xinyuan and an executive director, Wang Haochen. Du Zhaohui serves as the Chairman.

The Company's Nomination Committee is primarily responsible for establishing the criteria, procedures and methods for the selection of director candidates, proposing to the Board of Directors the selection of director candidates and determining the qualified candidates, optimizing the composition of board members, and improving the corporate governance structure.