Grand Baoxin Auto Group Limited announced that, with effect from 30 June 2021, (i) Mr. Diao Jianshen has resigned as an independent non-executive Director, the chairman of the Audit Committee (the "Audit Committee"), the chairman of the Remuneration Committee (the "Remuneration Committee") and a member of the Nomination Committee (the "Nomination Committee") of the Company of the Board due to the need to devote more time on his other personal commitments; and (ii) Mr. Chan Wan Tsun Adrian Alan ("Mr. Chan") has tendered his resignation as an independent non-executive Director and a member of the Audit Committee due to the need to devote more time on his other personal commitments. The Board announced that, with effect from 30 June 2021, (i) Ms. Liu Wenji has been appointed as an independent non-executive Director, the chairman of the Audit Committee, the chairman of the Remuneration Committee and a member of the Nomination Committee; and (ii) Mr. Ho Hung Tim Chester has been appointed as an independent non-executive Director and a member of the Audit Committee. Ms. Liu, aged 58, has over 30 years of professional management experience in government departments and companies. She has been the deputy secretary general of China Automobile Dealers Association since November 2007. She was the former deputy director of the Fuel Department of the Ministry of Domestic Trade from September 1990 to July 1999 and manager of Assets Department of China Automobile Trade General Corp.