The board of directors of Brilliance China Automotive Holdings Limited announced that with effect from 12 August 2021, Mr. Yan Bingzhe has resigned as chief executive officer of the Company due to his other business engagement. The Board announced that, following the resignation of Mr. Yan, Mr. Shen Tie Dong has been appointed as chief executive officer of the Company with effect from 12th August, 2021. Mr. Shen has been appointed as the Chairman of Huachen Automotive Group Holdings Company Limited since June 2021. Mr. Shen has held various positions in a number of enterprises since 1998, including but not limited to Deputy Manager of Trust Department in Liaoning International Trust and Investment Corporation.