The board of directors of Grand Baoxin Auto Group Limited announced that Ms. Cheng Mei Chun has tendered her resignation as a joint company secretary of the Company with effect from 1 May 2020 due to her personal retirement plan. Ms. Cheng confirmed that she has no disagreement with the Board and there is no matter relating to her resignation that needs to be brought to the attention of the shareholders of the Company and/or The Stock Exchange of Hong Kong Limited. The Board announced that Ms. Wong Pui Yin Peony has been appointed as a joint company secretary of the Company in replacement of Ms. Cheng with effect from the Effective Date. Ms. Wong is a senior manager of corporate services of Tricor Services Limited, a global professional corporate services provider. Ms. Wong has over 20 years of experience in the corporate secretarial field and has been providing professional corporate services to Hong Kong listed companies as well as multinational, private and offshore companies.