The Board of Qingling Motors Co., Ltd. announced the proposal of the payment of final dividend of RMB 0.16 per share in respect of the year ended 31 December 2018 to holders of H Shares and Domestic Shares as recommended by the Board was approved at the AGM. The final dividend will be paid to the shareholders whose names appear on the register of shareholders on 13 June 2019.

The board also announced that Mr. LI Xiaodong was elected as a new executive director at the AGM with effect from 30 May 2019. Mr. LI currently served as a vice general manager and member of the party committee of Qingling Group and a vice general manager of the Company (during his tenure, he obtained a bachelor's degree in mechanical design and manufacturing and automation from Chongqing University and a bachelor's degree in business administration from China Central Radio & TV University), chairman and secretary of the party committee of Chongqing Qingling Casting Company Limited.