Qingling Motors Co., Ltd. announced that Mr. LIU Erh Fei will retire as an independent non-executive Director on expiry of his term of office on the date of the AGM. Ms. MIN Qing will retire as a Supervisor representing the Shareholders on expiry of her term of office on the date of the AGM. Mr. YASUTA Tatsuya and Mr. NAKAMURA Osamu, executive Directors and Mr. LIU Erh Fei,
an independent non-executive Director, have informed the Company of their intention to retire as executive Directors and independent non-executive Director on expiry of their term of office on
the date of the AGM, respectively and not to seek for re-election due to the change of their work arrangement.