At the AGM held on June 8, 2017, China Rundong Auto Group Limited announced that Yan Sujian and Peng Zhenhuai did not offer himself for re-election as a non-executive Director and independent non-executive Director, respectively, at the AGM due to his other commitments, and has therefore retired from the Board after the conclusion of the AGM. As a result of Yan and Peng's retirement, Yan also ceased to be a member of the Audit Committee of the company and Peng also ceased to be a member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the company. The company also announced the appointment of Shen Mingming as an executive Director and the appointment of Li Xin as an independent non-executive Director were approved by the shareholders of the company at the AGM, with effect from June 8, 2017. The Board further announced that, with effect from the conclusion of the AGM, Li has been appointed as a member of the Audit Committee, the Nomination Committee and the Remuneration Committee of the company and Xiao Zhengsan, an independent non-executive Director, has been appointed as a member of the Audit Committee of the Company.