The board of directors of BAIC Motor Corporation Limited announced that Mr. Chen Hongliang no longer holds the post of chief executive officer of the Company due to job reassignment, effective from 31 December 2020. The Board announced that Mr. Huang Wenbing has been appointed as the chief executive officer of the Company, for a term commencing from 31 December 2020 until the expiration of the term of the third session of the Board.