On October 8, 2021, Autohome Inc. announced that Mr. Xiao Wang has resigned as Chief Technology Officer of the company due to his other personal commitments, effective immediately. Furthermore, the company announced that Mr. Bibo Xiang has been appointed as CTO, effective immediately. The directors of the company determined that Mr. Xiang had valuable and relevant experience and skills that qualified him to
succeed Mr. Wang, and it is in the best interests of the company to appoint Mr. Xiang as CTO. In his new role, Mr. Xiang will be in charge of the Company's overall technology framework and development roadmap. Prior to joining the company, Mr. Xiang served as senior vice president of VIPKID, and Chief Technology Officer of Koolearn Technology Holding Limited, in charge of digital transformation of education and training business. Prior to that, Mr. Xiang worked at Yahoo Search, Taobao Advertising, Shanda Online, 360 Search and 360 Commercial Products, where he was
responsible for technology management of search, recommendation and advertising businesses.
Autohome Inc is a holding company mainly provides online destination for automobile consumers. It is engaged in the provision of online advertising and dealer subscription services. It, through its Websites, autohome.com.cn and che168.com, delivers content to automobile buyers and owners. Media services provide with marketing solutions in connection with brand promotion, new model release and sales promotion. Leads generation services enable dealer subscribers to create their own online stores, list pricing and promotional information, provide dealer contact information, place advertisements and manage customer relationships. Online marketplace and others focus on providing facilitation services and other platform-based services for new and used car transactions. It also provides services to its cooperative financial institutions that involve facilitating the sale of their loans and insurance products. The Company mainly conducts its businesses in the China market.