Guangzhou Automobile Group Co., Ltd. at its EGM held on October 31, 2023, elected Mr. Wang Yiwei ("Mr. Wang") as a non-executive Director of the sixth session of the Board was duly passed at the EGM, with term of office commencing on 31 October 2023 and expiring on the end of the term of the sixth session of the Board. Mr. Wang Yiwei, aged 50, is currently the deputy party committee secretary, general manager and a director of Guangzhou Industrial Investment Fund Management Co., Ltd., a director of Guangzhou City Investment Co., Ltd., and the chairman and legal representative of Furong Fund Management Co., Ltd. Prior to this, Mr. Wang acted as the chairman and legal representative of Guangzhou New Central Axis Construction Co., Ltd., the head of the investment and development department of Guangzhou City Infrastructure Investment Group Limited, and the chairman and legal representative of Guangzhou City Investment Co., Ltd. Mr. Wang graduated from Sun Yat-sen University majoring in auditing at the School of Management, and obtained a bachelor's degree in economics in 1995.