Nanjing Panda Electronics Co. Ltd. approve the proposed payment of a final dividend of RMB 0.60 per ten shares (tax inclusive) on a pro-rata basis to all Shareholders of the company for the financial year of 2012.

The board of directors of Nanjing Panda Electronics Co. Ltd. announced that Mr. Zhu Lifeng has resigned as a non-executive director of the seventh session of the Board, a member of the remuneration and evaluation committee and a member of the strategic committee of the company to pursue other work opportunities, with effect from 13 May 2013. At the extraordinary meeting convened by the seventh session of the Board of the company on 13 May 2013, the nomination of Mr. Xia Dechuan as a candidate for Non-executive Director of the seventh session of the Board of the company, for a term of office until the expiration of the seventh session of the Board of the company, and submission of the same to the general meeting of the company were considered and approved. Mr. Xia has served as Deputy Head and Head of the Short-wave Communications Design Institute of Panda Electronics Group Limited, and Deputy General Manager of Nanjing Panda Information Industry Co. Ltd., etc. He served as the Deputy General Manager of the company from July 2008 to September 2011; and has concurrently served as the General Manager of Nanjing Panda Information Industry Co. Ltd. since July 2008 up to now, and the General Manager and Party Secretary of the company since October 2011 up to now.

The board of directors of Nanjing Panda Electronics Co. Ltd. has recommended the Company to pay the proposed final dividend of 60 cents per ten shares (tax inclusive) on a pro-rata basis to shareholders whose names appear on the register of members of the Company at close of business on May 31, 2013. In order to determine the shareholders of H shares of the Company (H Shareholders) who are entitled to receive the final dividend, the register of members of the Company will be closed from May 24, 2013 to May 31, 2013 (both dates inclusive) during which no transfer of H shares of the Company can be registered. In order to be entitled to receive the proposed final dividend (if approved), all transfers of H shares of the Company accompanied by the relevant share certificates and appropriate transfer forms must be lodged with the Company's H shares registrar, Hong Kong Registrars Limited at 46th Floor, Hopewell Centre, 183 Queen's Road East, Hong Kong not later than 4:30 p.m. on May 23, 2013. The final dividend will be distributed by the Receiving Agent on or before June 7, 2013.