The board of directors of Qingling Motors Co. Ltd. announced that, Mr. HE Yong has left the Company due to the change of work allocation, and has resigned as the Chairman and an executive Director, a member of the Remuneration Committee, and a member and the chairman of the Nomination Committee of the Company, all with effect from 26 September 2016. The Board also announced that, Mr. LI Juxing, a current executive Director of the Company, has been appointed as the Acting Chairman of the Company, and will temporarily lead the daily operation of the Board until a new Chairman is elected. Mr. LI Juxing has also been appointed as a member of the Remuneration Committee, and a member and the chairman of the Nomination Committee of the Company.