The board of directors of China Yongda Automobiles Services Holdings Limited announced that due to his age, Mr. Wang Liqun ("Mr. Wang") has resigned from his position as a non-executive Director, with effect from December 21, 2021. The Board announced that Mr. Tang Liang ("Mr. Tang"), an existing vice president of the Company, has been appointed as an executive Director of the Company with effect from December 21, 2021.