The board of directors of Huazhong In-Vehicle Holdings Company Limited announced that Mr. Li Xuejun (Mr. Li) has resigned as an executive Director due to other business commitments with effect from 31 July 2019. The Board also announced that, with effect from 31 July 2019, Mr. Li shall resign as the chief executive officer of the company due to other business commitments. The Board further announced that, Mr. Zhou Minfeng (Mr. Zhou), currently the chairman of the Board and an executive Director, has been appointed as the CEO with effect from 31 July 2019.

Mr. Zhou was appointed as an executive Director on 3 December 2010. Mr. Zhou is the Chairman of the Board and executive Director of the Company. He is also a member of the remuneration committee and the chairman of the nomination committee of the Company.

Mr. Zhou has over 23 years of experience in the automobile body parts industry and is primarily responsible for the overall corporate strategic planning and business development of the Group.