China Motor Bus Company, Limited announced that following the conclusion of the Ordinary Yearly Meeting held on November 27, 2020, Ms. Ngan has retired from her position as Executive Director of the Company. In recognition of her invaluable contributions over the years, the Board has requested Ms. Ngan to continue to provide guidance and mentorship to the Company as Chairman Emeritus after her retirement, to which the agreement of Ms. Ngan has been obtained. The Board further announces that following his election as Director at the Ordinary Yearly Meeting, Mr. Michael John Moir (Mr. Moir) has been appointed as an Executive Director of the Company.