The board of directors of CIMC Enric Holdings Limited announced that Mr. Jin Yongsheng has ceased to be a non-executive director of the company with effect from and upon the expiration of his letter of appointment on 29 September 2018 as he would like to focus on and put more efforts in his own business. Mr. Jin confirmed that he has no disagreement with the Board and that he is not aware of any matters that need to be brought to the attention of the shareholders of the company. The board announced that Mr. Wang Caiyong has been appointed as independent non-executive director of the company with effect from 1 October 2018. Mr. Wang, aged 67, graduated from Fudan University, majoring in finance (correspondence course) in 1996 and completed the postgraduate study in finance at Beijing Technology and Business University in 2002. He is a registered accountant in the People's Republic of China (senior accountant). Mr. Wang was the deputy chief of the financial department of Dalian Maritime University from 1994 to 1995. He is currently the managing director of China Institute of Internal Audit and president of China Institute of Internal Audit Transportation Branch.