Upon the recommendation of Mr. Richard Yong Wang and Mr. Alex Bo Wang, partners of Panawell, the general meeting of the Firm's partners has decided that Ms. Xiaoli Su be promoted to be a partner after review of her performance and her own defense.

Ms. Su graduated from Shandong Normal University in 2003 with a bachelor's degree in engineering. In the same year, she was admitted to the Institute of Computing Technology, Chinese Academy of Sciences to study for a doctorate. After graduation in 2010, she joined Panawell.

We hereby express our heartfelt congratulations to Ms. Su, and wish her to forge ahead and continue to deliver outstanding performance in her future life and career.