The Board of Qingling Motors Co., Ltd. announced that Mr. Etsuo YAMAMOTO retired as an executive Director on expiry of his term of office on the date of AGM. Mr. Shuichi HAYASHI was elected as a new executive Director for the next term at the AGM and also appointed as the Vice Chairman and the General Manager of the company. In addition, Mr. Keiichiro MAEGAKI, an executive Director for the next term, resigned as the Vice Chairman and the General Manager of the company with effect from May 30, 2018.

The Board also announced that Mr. GUAN Jinming retired as a Supervisor representing the shareholders on expiry of his term of office on the date of AGM and also resigned as the Chairman of supervisory committee of the company.