The Board of China ZhengTong Auto Services Holdings Limited announced that, with effect from 1 September 2021 before trading hours: 1. Mr. Wang Muqing has resigned as the chairman of the Nomination Committee; 2. Mr. Li Zhubo has resigned as an executive Director; 3. Mr. Wan To has resigned as an executive Director; 4. Dr. Wong Tin Yau has resigned as a member of the Remuneration Committee; 5. Mr. Wang Ming Cheng has been appointed as an executive Director and chairman of Nomination Committee; and 6. Mr. Zeng Ting Yi has been appointed as an executive Director. The Board now further announces that: 7. Mr. Wang Muqing will resign as the chairman of the Board from 9 September 2021 after trading hours; 8. Mr. Wang Kunpeng will resign as an executive Director and a vice chairman of the Board from 9 October 2021 before trading hours; and 9. Mr. Li Zhi Huang will be appointed as an executive Director and a member of the Remuneration Committee from 9 October 2021 before trading hours. Mr. Wang Ming Cheng is currently a general manager and a Director of Xiamen Xindeco Ltd. Mr. Zeng Ting Yi is currently a deputy general manager of Xiamen ITG Holding Group Co. Ltd. and the chairman of the board of Xiamen Xindeco. Mr. Li Zhi Huang is a deputy general manager of ITG Holding, a Director of Xiamen ITG, a Director of Zhonghong Pulin Medical Product Co. Ltd. Mr. Li Zhi Huang was the finance department manager, a deputy financial director, a financial director, a vice president, an executive vice president of Xiamen ITG and a Director of ITG Holding from February 2001 to July 2018.