Wuling Motors Holdings Limited announced that due to his reaching the retirement age, Mr. Mi Jianguo ("Mr. Mi") has tendered his resignation as an independent non-executive Director, the chairman of the remuneration committee of the Company, a member of each of the audit committee of the Company and the nomination committee of the Company all with effect from the close of the annual general meeting of the Company on 9 June 2023 (the "Resignation"). The Board announces that Mr. Xu Jinli ("Mr. Xu") has been appointed an independent non-executive Director, the chairman of Remuneration Committee, a member of each of the Audit Committee, the Nomination Committee and the environmental, social and governance committee of the Company (the "ESG Committee") all with effect from the close of the annual general meeting of the Company on 9 June 2023. Mr. Xu, aged 57, studied at Wuhan University of Technology (formerly known as Wuhan Technology College majoring in mechanical engineering and received a bachelor's degree, a master's degree at Wuhan University and a doctor's degree in engineering at Wuhan University of Technology in Mr. Xu has engaged in the fields of mechanical engineering and education for more than 30 years.

He started his teaching career as a teacher at Hubei No.1 Mechanical Industrial school from July 1987 to August 1999. From September 1999 onwards, he served as a lecturer, an associate professor and a professor respectively at Wuhan University of Technology. Besides, since March 2019, Mr. Xu has also served as an external director of Guangxi Automobile Holdings Limited ("Guangxi Automobile"), the ultimate holding company of the Company.

His appointment as the external director of Guangxi Automobile is subject to the requirements of issued by the State-owned Assets Supervision and Administration Commission of the People's Government of Guangxi Zhuang Autonomous Region.