Shanghai Dongzheng Automotive Finance Co., Ltd. announced the election of Professor QIN Zheng (``Professor Qin'') as an independent non-executive Director. Professor QIN Zheng, aged 64, was a professor and doctoral supervisor of the School of Management of the Xi'an Jiaotong University and the School of Information Management and Engineering of the Shanghai University of Finance and Economics, and was a senior visiting scholar at The University of Sydney. Professor Qin is currently a professor and doctoral supervisor of the College of Business of the Southern University of Science and Technology. In the course of 27 years of teaching, Professor Qin took up various research projects from the national level, provincial level and from government
and enterprises etc. He has published over 100 journals and over 10 academic publications and is well experienced in teaching and enterprise management. Professor Qin received his master's degree and doctorate degree in engineering from Xidian University in the PRC. The Board also announces that with effect from 30 August 2022, Professor Qin be appointed as a member of the Audit Committee. Following the appointment of Professor Qin, the Company has complied with the requirements of Rules 3.10(1), 3.11, 3.21 and 3.23 of the Listing Rules. The Board hereby announces that Professor Qin, who has no direct or indirect interest in the Offers (as defined in the Joint Announcement), be appointed as a member of the Independent Board Committee with effect from 30 August 2022.