The board of directors of Optima Automobile Group Holdings Limited announces that with effect from 25 February 2021, Mr. Ong Kar Loon (Wang Jialun) ("Mr. Ong") has resigned as an independent non-executive Director in order to devote more time to his personal affairs and other business commitments. He has ceased to be a member of the audit committee of the Board (the "Audit Committee"), a member of the remuneration committee of the Board (the "Remuneration Committee") and the chairman of the nomination committee of the Board (the "Nomination Committee"). The Board announce that Mr. Chang Li-Chung ("Mr. Chang") has been appointed as an independent non-executive Director of the Company with effect from 25 February 2021. Mr. Chang, aged 59, is currently the general manager of Yigoulian Trading (Shenzhen) Co. Ltd. He is also currently acting as the executive director of Changzhou Jintan Apollo Biological Products Co. Ltd. Mr. Chang worked as general manager at HONGKONG BO EN INVESTMENT MANAGEMENT CO., LIMITED, a company incorporated in Hong Kong with limited liability, from November 2015 to December 2019. Mr. Chang graduated from the Republic of China Air Force Institute of Technology in 1978. Following the resignation of Mr. Ong, the Board announces that with effect from 25 February 2021, Mr. Chang has been appointed as a member of the Audit Committee, a member of the Remuneration Committee and the chairman of the Nomination Committee.