The board of directors of New Focus Auto Tech Holdings Limited announced that with effect from 20 March 2015, Mr. Zhang Jie will resign as an independent non-executive director of the Company. Upon his resignation, Mr. Zhang Jie will cease to be the chairman of the Strategy Committee and a member of the Remuneration Committee and the Nomination Committee. The Board announced the appointment of Mr. Zhang Xiaoya as an independent non-executive director of the Company with effect from 20 March 2015.

Mr. Zhang Xiaoya is the chairman of Beijing Xindajiading Investment Company, an independent non-executive director of China Mengniu Diary Company Limited, an independent director of Syswin Inc. and an independent director of Guangzhou Zhujiang Digital Group. Mr. Zhang Xiaoya has previously served as a director and president of AirMedia and the chairman of Unibank Media, and is experienced in the management of media operations and initial public offering. The Board announced the re-designation of Mr. Lin Lei, an independent non-executive director of the Company and previously a member of the Strategy Committee, as the chairman of the Strategy Committee and the appointment of Mr. Zhang Xiaoya as a member of the Strategy Committee, the Remuneration Committee and Nomination Committee, all with effect from 20 March 2015.

Further, Mr. Wang Zhenyu, a non-executive director of the Company, has resigned as chairman of the Company but remained as a non-executive Director and the chairman of the Nomination Committee and Mr. Ying Wei, another non-executive director of the Company has been appointed as chairman of the Company. To re-comply with code provision A.5.1 of the Corporate Governance Code as set out in Appendix 14 to the Listing Rules, Mr. Ying has been appointed as the chairman of the Nomination Committee of the Company to replace Mr. Wang with effect from 20 March 2015.