On May 15, 2020, SORL Auto Parts, Inc., a Delaware corporation, completed its merger with Ruili International Merger Sub Inc. (Merger Sub) and a wholly owned subsidiary of Ruili International Inc. (Parent), pursuant to the terms of the previously announced Agreement and Plan of Merger, dated as of November 29, 2019 (the "Merger Agreement"), by and among the Company, Parent and Merger Sub. As a result of the Merger, SORL has become a wholly owned subsidiary of Parent. In connection with the consummation of the Merger on May 15, 2020, the following individuals submitted their resignations and ceased to be members of the board of directors of the Company: Xiaofeng Zhang, Shuping Chi, Binghua Feng, Huilin Wang, Jianghua Feng, Jinbao Liu, Xiao Lin and Yuhong Li. Xiaoping Zhang remains as the Company's sole director following the consummation of the Merger.