The board of directors of Sunfonda Group Holdings Limited announced that with effect from 9 November 2016, Mr. Gou Xinfeng has been appointed as an executive director of the company. Mr. Gou Xinfeng, aged 42, has over 15 years of experience in the operation and management of automobile brands. Mr. Gou joined the group in July 2002. From October 2014 to the present, he has been the general manager of Shaanxi Sunfonda Boao Automobile Co. Ltd. and is responsible for the sales operation and daily management of various brands under the group. According to the service agreement entered into between the company and Mr. Gou Xinfeng, the initial term of office of Mr. Gou Xinfeng is from 9 November 2016 to 8 November 2019. Due to personal career planning, Mr. Xia Kun has tendered his resignation to the Board as an executive director of the company and the after-sales service general manager of the group with effect from 9 November 2016.