The Board of China Yongda Automobiles Services Holdings Limited announced that Mr. Xu Yue, an executive director of the company, has been appointed as a vice-chairman of the company with effect from March 25, 2020. Mr. Xu, aged 44, was appointed as executive director on March 23, 2015 and is responsible for the operation and management of Group and the automobile group. Mr. Xu was its president from March 2015 to February 2016 and has been re-appointed as president since September 12, 2016. Mr. Xu is also currently the chairman and president of Shanghai Yongda Automobile Group Co. Ltd. and the chairman or a director of several of subsidiaries. Mr. Xu joined Group in 1999 and has more than 19 years of experience in the passenger vehicle dealership sector. He was the executive vice-president of the Company from January 2012 to March 2015 and the assistant to the chief executive officer of Shanghai Yongda Holding (Group) Limited from January 2009 to December 2011. From June 2004 to January 2009, Mr. Xu was the deputy general manager of Shanghai Yongda Group Company Limited and the general manager of Shanghai Baozen Automobile Sales and Services Co. Ltd. Between February 2002 and March 2004, Mr. Xu was the secretary to the chief executive officer of Yongda Holding, where he was mainly responsible for assisting the chief executive officer with daily administration. From November 2000 to February 2002, Mr. Xu was the general manager of Shanghai Yongda International Trading Ltd., where he was mainly responsible for the import of passenger vehicles. Between October 1999 and November 2000, Mr. Xu was the assistant to the general manager of Shanghai Yongda Automobile Pudong Sales and Services Co. Ltd.