The board of directors of Nexteer Automotive Group Limited announced that Mr. ZHANG, Jianxun has resigned as a non-executive Director of the Company and a member of the Remuneration and Nomination Committee of the Board with effect from November 13, 2020 due to personal work adjustment. The Board announced that Ms. ZHANG Wendong has been appointed as a non-executive Director of the Company and a member of the Remuneration and Nomination Committee of the Board with effect from November 13, 2020. Ms. Zhang has served as the Deputy General Manager of Beijing E-Town International Investment & Development Co. Ltd. since July 2018.