Legal basis: Guiding Opinions on Establishing Independent Director System in Listed Companies 1. An independent director may resign before the expiration of his term of office. When an independent director resigns, he shall submit a written resignation report to the board of directors, explaining any situation related to his resignation or which he thinks is necessary to attract the attention of shareholders and creditors of the company. If the proportion of independent directors in the board of directors of the company is lower than the minimum requirements stipulated in this Guiding Opinions due to the resignation of independent directors, the resignation report of independent directors will take effect after the next independent director fills the vacancy. 2. If an independent director resigns or is dismissed during his term of office, the independent director himself and the securities company shall make a written explanation to the agency of China Securities Regulatory Commission and the shareholders' meeting where the company is registered and the main office is located.