The board of directors of Guangzhou Automobile Group Co., Ltd. received the resignation letter from Mr. Yan Zhuangli on 15 January 2020. Due to reallocation of appointments, Mr. Yan Zhuangli applied to resign from his position in the company as the non-executive director. The resignation of Mr. Yan Zhuangli is effective 15 January 2020 and thereafter Mr. Yan Zhuangli shall remain to be the deputy general manager (corporate professional manager) and the executive committee member of the company.