Effective July 6, 2021, Mr. Yunseong Hwang was appointed to the Board of Directors of Arrival. Mr. Hwang replaces Mr. Jae Oh who resigned as a director of the Company effective July 5, 2021. Mr. Hwang will serve as a member of the Nominating and Corporate Governance Committee. Yunseong Hwang currently serves as Vice President and Head of Open Innovation Investment Group, Hyundai Motor Group. He has more than 21 years of experience in growing some of the world’s most innovative companies. At Hyundai, he has been responsible for leading a broad range of strategic investment activities ranging from startup incubators to mergers and acquisitions. He also worked across opening and managing open innovation centres globally, as well as designing and implementing open innovation training and culture change programs.