CAR Inc. announced that Mr. Lei Lin has resigned from his positions as an independent non-executive director, a member of the Audit and Compliance Committee and a member of the Nomination Committee of the company; Mr. Joseph Chow has resigned from his positions as an independent non-executive director, a chairman of the Nomination Committee, a member of the Audit and Compliance Committee and a member of the Remuneration Committee of the company; Mr. Li Zhang has been appointed as an independent non-executive director, a chairman of the Nomination Committee, a member of the Audit and Compliance Committee and a member of the Remuneration Committee of the company; Ms. Xiaogeng Li has been appointed as a member of the Audit and Compliance Committee; and Mr. Sam Hanhui Sun has been appointed as a member of the Nomination Committee with effect from February 27, 2018. The Board is also pleased to announce that Mr. Sam Hanhui Sun, currently acting as an INED and a chairman of the Audit and Compliance Committee.