The board of directors of CIMC Enric Holdings Limited announced that the term of Mr. Gao Xiang ("Mr. Gao") will be expired on 31 December 2020. He has been re-designated from an executive Director to a non-executive Director (the "Re-designation") with effect from 1 January 2021. Mr. Gao remains as the Chairman of the Board, Chairman of the nomination committee and sustainable committee of the Company. Mr. Gao, aged 55, joined the Group as the general manager in January 2009, was appointed as an executive Director in September 2009 and was re-designated to be the Chairman of the Board from the general manager in April 2015. He graduated from the Tianjin University, majoring in marine and From 1999 to 2008, Mr. Gao was the general manager of Tianjin CIMC North Ocean Containers Co., Ltd, Tianjin CIMC Containers Co. Ltd., Tianjin CIMC Logistics Equipment Co. Ltd. , Tianjin CIMC Vehicles Sales and Service Center and Tianjin CIMC Special Vehicles Co. Ltd. respectively.