China Rundong Auto Group Limited announced the resignation of each of Li Xiang and Liu Haifeng David as an executive director and a non-executive director respectively and the appointment of each of Li Wei and Wu Zhengkui as a non-executive director became effective from August 14, 2015. Wu has approximately 13 years' experience in business management. Wu has been the director of Rundong Auto Group Co.

Ltd. since August 2015. He is currently the deputy general manager of the finance department of Greenland Holding Group Company Limited. Wu has been a director of Greenland Hong Kong Holdings Limited and a supervisor of Orient Securities Company Limited.

Li Wei has approximately 12 years' experience in business management. Li has been the director of Rundong Auto Group Co. Ltd. Li has also been a supervisor of Greenland Holdings Corporation Limited.