The board of directors of Guangzhou Automobile Group Co., Ltd. announced that Mr. Liu Xiangneng ("Mr. Liu") has been appointed as the secretary to the Board and a joint company secretary of the Company (the "Joint Company Secretary") with effect from 24 October 2023 and a term of office
same as the current session of the Board. The existing company secretary of the Company, Mr. Leung Chong Shun ("Mr. Leung"), will become the other Joint Company Secretary with effect from the same day and assist Mr. Liu in the discharge of his duties as a Joint Company Secretary. Mr. LIU Xiangneng, aged 52, is currently the deputy department head of the finance department, general manager of the capital operation department, as well as a director of the Board office and office of the board of supervisors (senior assistant level) of the Company. Prior to this, Mr. Liu had served as the deputy general manager and general manager of the capital operation department of the Company, and served as a director and general manager of GAC Capital Co., Ltd. Mr. Liu had also worked and served at the investment banking department of Guangdong Securities Co., Ltd. and Guangzhou Baolong Motors Co., Ltd. Mr. Liu graduated from Nankai University in July 1999 as a postgraduate with a master's degree in economics. In addition, Mr. Liu obtained the qualification of secretary to board of directors issued by the Shanghai Stock Exchange in July 2004, and is also a non-practising member of The Chinese Institute of Certified Public Accountants. The Waiver applies to Mr. Liu's appointment as a Joint Company Secretary only and may be changed if the Company's situation changes. The Board announces that Ms. Sui has ceased to be the authorised representative of the Company under Rule 3.05 of the Listing Rules (the "Authorised Representative") as a result of her aforesaid resignation with effect from 31 July 2023. Ms. Sui has confirmed that she has no disagreement with the Board and there are no relevant matters that need to be brought to the attention of the shareholders of the Company in relation to her resignation. The Board further announced that Mr. Liu has been appointed as an Authorised Representative under Rule 3.05 of the Listing Rules with effect from 24 October 2023.