The board of directors of Wuling Motors Holdings Limited announced that Mr. Wang Yuben has been appointed as an independent non-executive director of the company, a member of each of the nomination committee, the audit committee and the remuneration committee of the company in place of the resignation of Mr. Yu Xiumin as an independent non- executive director, the chairman of the nomination committee, a member of the audit committee and the remuneration committee of the company, all with effect from 20 March 2015. Meanwhile, Mr. Wei Hongwen, the chairman of the board and an executive director, has been appointed as the chairman of the nomination committee of the company with effect from 20 March 2015. Mr. Wang Yuben has more than 32 years of teaching experiences in a number of universities in the PRC.

He is also currently a professor in the Capital University of Economics & Business in the PRC. Besides, Mr. Wang is currently an independent non-executive director of Xinjiang Luntai Grand Oil Tech Co., Limited. Mr. Wei, chairman of the Board, was appointed as executive Director on 10 September 2007 and the chairman of the nomination committee of the company on 20 March 2015.

Mr. Wei is in charge of the daily operations of the Group's specialized vehicles, automotive engines and components manufacturing business. In addition, Mr. Wei is currently the chairman of the board of directors and the chief executive of Liuzhou Wuling Motors Company Limited, and a director of Wuling Motors (Hong Kong) Company Limited and Wuling (Hong Kong) Holdings Limited.