The Board of CIMC Enric Holdings Limited announced that with effect from 1 April 2015, Mr. Zhao Qingsheng will resign as the executive Director as he is going to reach the retirement age and, upon his resignation, will also cease to be the chairman of the Board, the chairman of the nomination committee of the company and the authorized representative; Mr. Gao Xiang, an executive director, will be appointed as the chairman of the Board, the chairman of the nomination committee of the company and the authorized representative; and will cease to be the general manager of the company. Mr. Liu Chunfeng will be appointed as the executive director and the general manager of the company.