The board of directors of China Harmony Auto Holding Limited announces that Mr. Han Yang has resigned as the executive director of the Company with effect from January 5, 2022 to devote more time and energy to his personal affairs. Mr. Han Yang confirms that there is no disagreement between him and the Board and senior management, and that there is no other matter that needs to be brought to the attention of the shareholders of the Company and the Stock Exchange of Hong Kong Limited (the "HKEX") regarding his resignation. The Board announce that Mr. Cheng Junqiang, the Company's chief operating officer, has been appointed as the executive director of the Company with effect from January 5, 2022. The following is biographies of Mr. Cheng Junqiang: Mr. Cheng Junqiang, aged 42, majored in automotive application engineering, has nearly 20 years of experience in the automotive industry since graduation. Mr. Cheng Junqiang joined
the Company in 2007 and served as the general manager of Zhengzhou Yuanda Lexus Automobile Sales & Services Co. Ltd. and the brand director of Lexus under Harmony Auto. Prior to his appointment as an executive director, Mr. Cheng Junqiang served as the chief operating officer of the Company and managed all 4S stores of luxury and ultra-luxury brands under Harmony Auto. Mr. Cheng Junqiang is responsible for the overall operation of the brand. He adheres to the concept of refined management, devotes himself to improving the execution capability and detailed operation level of the stores he managed, continues to deepen the development of automobile industry, and creates a 4S store operation system with the "harmony" characteristic.