The board of directors of China Rundong Auto Group Limited announced that all of the three independent non-executive Directors have tendered their resignation as follows: Mr. Mei Jianping ("Mr. Mei") resigned as an independent non-executive Director, the Chairman of the remuneration committee and a member of the nomination committee (the "Nomination Committee") with effect from 31 August 2022; Mr. Chow Ming Sang ("Mr. Chow") resigned as an independent non-executive Director, the Chairman of the audit committee (the "Audit Committee") and the risk management committee (the "Risk Management Committee") with effect from 31 August 2022; Mr. Li Xin resigned as an independent non-executive Director, a member of each of the Audit Committee, the Risk Management Committee, the Remuneration Committee and the Nomination Committee with effect from 31 August 2022.