Geely Automobile Holdings Limited announce that Ms. Yu Li Ping, Jennifer ("Ms. Yu") has been appointed as an independent non-executive director of the Company and a member of both the audit committee and the nomination committee with effect from 9 October 2023. Mr. Zhu Han Song ("Mr. Zhu") has been appointed as an independent non-executive director of the Company and a member of the remuneration committee with effect from 9 October 2023. Mr. Zhu will also assume the role of chairman of the remuneration committee from 16 October 2023.

Ms. Yu Li Ping, Jennifer, aged 60, currently serves as the chairwoman and founding partner of Auster Capital Partners Limited (co-founded by Rothschild & Co and Ms. Yu). Over the past three decades, Ms. Yu has also held senior management roles in other international financial institutions, including United Overseas Bank, BNP Paribas, and Rothschild & Co. Previously, she served as a global executive committee member and global partner of Rothschild & Co, as well as the chairwoman of Rothschild & Co in Greater China.

Ms. Yu has played a leading role in various landmark cross-border mergers and acquisitions for Chinese corporates during her time at Rothschild & Co, including Geely Holding's acquisition of Volvo Cars, which has made a significant contribution to the success of Chinese corporates' globalization strategy in the international market. Ms. Yu is also a Trustee of Shanghai University of Finance and Economics ("SHUFE"). Ms. Yu graduated from SHUFE with a Bachelor's Degree in Finance in 1987 and received a Master's Degree in Business Administration from SHUFE in 1999.

Ms. Yu has entered into an appointment letter with the Company under which she will act as an independent non-executive director of the Company and a member of both the audit committee and the nomination committee of the Board for a period of 3 years (subject to retirement by rotation at the annual general meeting of the Company in accordance with the Company's articles of association) commencing on 9 October 2023. Pursuant to such appointment letter, Ms. Yu will receive from the Company an annual director's fee of HKD 360,000, which was determined with reference to the experience and duties of Ms. Yu as well as the Company's remuneration policy and is subject to review by the remuneration committee of the Board from time to time. Mr. Zhu Han Song, aged 53, is currently the founder and chairman of Seekers Capital (Jiangyin) Co.

Ltd. Mr. Zhu worked for Goldman Sachs Group Inc. ("Goldman Sachs") from June 2000 to December 2019, holding various positions including associate, executive director, managing director, and partner. Before retiring from Goldman Sachs in December 2019, Mr. Zhu served as the Co-head of China Investment Banking, the Head of Industrial and Natural Resources Group in Asia Ex-Japan, and the Chief Executive Officer of Goldman Sachs Gao Hua Securities Company Limited. He was also a member of the Asia Pacific Commitments Committee and Investment Banking Division Client and Business Standards Committee of Goldman Sachs.

Prior to joining Goldman Sachs, he worked at China International Capital Corporation Limited from 1995 to 2000. Mr. Zhu served as an independent director of Kidswant Children Products Co. Ltd. and Missfresh Limited.

Currently, he serves as an independent non-executive director of KE Holdings Inc. Mr. Zhu obtained a Bachelor's Degree in Economics from Nanjing University in 1991, and a Master's Degree in Economics from Peking University in 1994. Mr. Zhu has entered into an appointment letter with the Company under which he will act as an independent non-executive director of the Company and a member of the remuneration committee of the Board for a period of 3 years (subject to retirement by rotation at the annual general meeting of the Company in accordance with the Company's articles of association) commencing on 9 October 2023. Pursuant to such appointment letter, Mr. Zhu will receive from the Company an annual director's fee of HK$360,000, which was determined with reference to the experience and duties of Mr. Zhu as well as the Company's remuneration policy and is subject to review by the remuneration committee of the Board from time to time.

The Board announces that Ms. Lam Yin Shan, Jocelyn ("Ms. Lam") has tendered her resignation as an independent non-executive director of the Company, the chairman of the remuneration committee, and a member of both the audit committee and the nomination committee with effect from 16 October 2023, due to her other work commitments. Ms. Lam has confirmed to the Board that she has no disagreements with the Board in any respect, and there are no matters relating to her resignation that need to be brought to the attention of the shareholders of the Company.