The Board of Baoxin Auto Group Limited announced that with effect from 29 July 2016: Mr. Zhao Hongliang has resigned as an executive Director; and Mr. Qi Junjie has been appointed as an executive Director. Mr. Zhao has confirmed that the reason for his resignation is to restore the public float of the Company. Mr. Qi has been appointed as an executive Director of the Company. Mr. Qi will hold office until the next annual general meeting of the Company after his appointment and will be eligible for re-election in such meeting. Mr. Qi Junjie, aged 43, has been the secretary of the party committee of CGA since May 2016 and was the chairman of the board of Xinjiang Guanghui Liquefied Natural Gas Development Co. Ltd. from September 2015 to July 2016. Mr. Qi has been a director of Xinjiang Guanghui Energy Company Limited since October 2015. Mr. Qi served as the deputy county chief and deputy secretary of Xinjiang Jimunai County and the director of the National Border Co-operative District from July 2008 to September 2014. Mr. Qi was an official of the Forest Bureau of Xinjiang Aletai District from July 1994 to July 2008.