The board of Directors of the company announced that Mr. Yang Lei has tendered his resignation as an executive Director, a member of the Remuneration Committee of the company and an authorised representative of the company with effect from 29 December 2017. Mr. Yang Lei currently serves as the president and the chief executive officer of the comprehensive after-sales services company in which the company indirectly holds 49.28% of the equity interest. The Board announced that Mr. Liu Fenglei, an executive Director, is appointed as an authorised representative of the company with effect from 29 December 2017.