Shanghai Lisheng Racing Co.,Ltd., at its Extraordinary General Meeting of 2018 on 25 July 2018, elected Yu Chaoxu, Zhang Guojiang, Gong Lei, Cao Chuande and Lin Chaoyang as non-independent directors of the company. The company also elected Gu Xiaojiang, Pei Yongle and Gu Guoqiang as independent directors of the company. The company also elected Wang Wenchao and Zhuo Yue as non-employee supervisors of the company.