Bitauto Holdings Limited announced the appointment of Mr. Jun Hou as an independent director to its board of directors effective March 5, 2015. Mr. Jun Hou is currently chairman of Yanyuan Alumni (Beijing) Investment Management Limited, where he manages the Entrepreneur's Training Camp of Peking University. Mr. Hou has extensive experience in China's Telematics sector.

He was the co-founder and served as the honorary chairman of the board of directors of Autonavi Holdings Limited, ("Autonavi"), from May 2013 to July 2014 and the chairman from April 2002 to May 2013. Mr. Hou also held the position of chief executive officer of Autonavi from April 2002 to October 2009. From June 1994 to April 2002, Mr. Hou served as the chairman of the board of directors and was actively involved in the operations of China Da Tong Industrial Co.

Ltd. Prior to this, he worked at China Science and Technology International Trust and Investment Corporation from August 1990 to August 1993. In addition, Mr. Sidney Xuande Huang, chief financial officer of JD.com Inc. ("JD.com") and previously an independent director of Bitauto, remains on the board of directors of the Company as a director designated by JD.com. Mr. Huang has ceased to be a member of the audit committee of the board in accordance with the Company's strategic partnership with JD.com and Tencent, announced on January 9, 2015.

Mr. Huang is succeeded by Mr. Erhai Liu as chairperson of the audit committee of the board, effective March 5, 2015. Furthermore, the company also announced that Mr. Weihai Qu resigned as director of the Company, effective March 5, 2015. Mr. Qu will continue to serve as a senior vice president of the company and chief executive officer of CIG, Bitauto's digital marketing solutions business.