The board of directors of Wuling Motors Holdings Limited announced that Mr. Zhong Xianhua has reached his retirement age and has tendered his resignation as an executive director of the Company with effect from 28 February 2019. The Board announced that succeeding the resignation of Mr. Zhong, Mr. Wang Zhengtong has been appointed as an Executive Director with effect from 28 February 2019. Mr. Wang, aged 47, was appointed as an Executive Director on 28 February 2019. Mr. Wang is currently the assistant to the chief executive and the controller of the planning and investment department of Guangxi Automobile Holdings Limited.