The board of directors of BeijingWest Industries International Limited announced that: Mr. Jiang Yunan, an Executive Director of the company, will cease to act as the Managing Director of the company, effective September 1, 2016 but remains as the Chairman of the company; Mr. Chen Zhouping has been appointed as an Executive Director and the Managing Director of the company as well as a member of the Executive Committee of the company, effective September 1, 2016; Mr. Thomas P Gold has been appointed as an Executive Director of the company and a member of the Executive Committee of the company, effective September 1, 2016; Mr. Craig Allen Diem has resigned as an Executive Director of the company, effective September 1, 2016 and will ipso facto cease to act as a member of the Executive Committee of the company from the same date; and Mr. Bogdan Józef Such has resigned as an Executive Director of the company, effective September 1, 2016 and will ipso facto cease to act as a member of the Executive Committee of the company from the same date. Mr. Jiang, aged 55, engineer and senior economist. He holds a master's degree in business administration from Tsinghua University and a master's degree in applied accounting and finance from Hong Kong Baptist University. Mr. Chen, aged 50, graduated from the School of Economics and Management, Tsinghua University and is a member of the Chinese Institute of Certified Public Accountants. Mr. Gold, aged 57, graduated with Bachelor's degree in Mechanical Engineering from General Motors Institute, United States in 1981. Since 1981, Mr. Gold has worked in the automotive components business with General Motors, Delphi Corporation and BWI respectively. BWI is a substantial shareholder of the Each of Mr. Diem and Mr. Such has resigned as a director due to his other engagements. Each of Mr. Diem and Mr. Such has confirmed that he did not have any disagreement with the Board and there is no other matter relating to his resignation that needs to be brought to the attention of the shareholders of the company.