China Harmony New Energy Auto Holding Limited board of directors announced that Mr. Xiao Changnian has resigned from his position as the independent non-executive Director, chairman of the Audit Committee and member of the Nomination Committee of the Company with effect from February 4, 2019 due to health reasons. The board announced that Mr. Wang Nengguang has been appointed as the independent non-executive Director, chairman of the Audit Committee and member of the Nomination Committee of the Company with effect from February 4, 2019. From April 2001 to March 2018, Mr. Wang served as managing director and chief financial officer of Beijing Legend Capital Management Co. Ltd. From April 2018, he served as a director of Beijing Legend Capital Management Co. Ltd. Since May 2014, he served as an independent director of Digital China Information Service Company Ltd.