The board of directors of Huazhong In-Vehicle Holdings Company Limited announced that with effect from 1 September 2017, Mr. Liu Genyu will be re-designated from the position of an executive Director to a non-executive Director. Mr. Liu was appointed as an executive Director and the chief executive officer of the company on 4 January 2016. The Board also announced that, with effect from 1 September 2017, Mr. Liu shall resign as the CEO due to other business commitments.

The Board further announced that, Mr. Li Xuejun, will be appointed as an executive Director and the CEO with effect from 1 September 2017. Mr. Li had been appointed as a director of a number of listed companies, such as Beiqi Foton Motor Co. Ltd. (from June 2013 to November 2016), Xiezhong International Holdings Limited, (from August 2014 to August 2016) and Shandong Binzhou Bohai Piston Co.

Ltd. (from November 2015 to December 2016).