The Board of Directors of “PKKR” JSC resolved the following as documented in minutes No.7/2 dated January 16th, 2018.

1.1. to elect the Board of Governors as a Collegial executive body of the Company comprised of 2 (two) persons:
Mr. Qin Hongwei, Chairperson of the Board of Governors and head of executive body of the Company, Mr. Fang Jiazhong, President of the Company and member of the Board of Governors, Effective July 24th, 2018 with the terms of their authorities for 3 (three) years;
1.2. to set official salaries to the Chairperson of the Board of Governors and President of the Company in accordance with their labor agreements to be concluded with them based on provisions of the current legislation.
1.3. to permit Mr. Qin Hongwei, Chairperson of the Board and Mr. Fang Jiazhong, President of the Company to combine positions in other companies and organizations.