The board of directors of CIMC Vehicles (Group) Co., Ltd. (the "Company") announced that Ms. Li Zhimin, the vice president, the secretary of the Board (the "Secretary of the Board") and the joint company secretary (the "Joint Company Secretary") of the Company, has tendered her written resignation as the Secretary of the Board and the Joint Company Secretary to the Board due to repositioning with effect from 8 July 2022. Ms. Li Zhimin serves as the Secretary of the Board and the Joint Company Secretary for a term originally commencing from 29 September 2021 to 28 September 2022. As at the date of this announcement, Ms. Li Zhimin indirectly holds approximately 1,783,000 A shares of the Company through Shenzhen Long Yuan Gang Cheng Enterprise Management Center.

After resignation as the Secretary of the Board and the Joint Company Secretary, Ms. Li Zhimin still serves the Company. Ms. Li Zhimin will strictly comply with the laws and regulations including the Rules on the Administration of Shares held by Directors, Supervisors and Senior Management of Listed Companies and the Changes of Such Shares, the Self-Regulatory Supervision Guidelines for Company Listed on the Shenzhen Stock Exchange No. 10 - Share Change Management and the Implementation Rules on Reduction of Shares held by the Shareholders, Directors, Supervisors and Senior Management of Company listed on the Shenzhen Stock Exchange, and the shares lock-up undertakings as disclosed in the Prospectus for the Initial Public Offering and Listing of Shares of CIMC Vehicles (Group) Co., Ltd. on the ChiNext Market published by the Company on 5 July 2021.

As examined by the nomination committee under the Board, the Company convened the sixth meeting of the second session of the Board in 2022 on 8 July 2022 and agreed to appoint Ms. Mao Yi as the Secretary of the Board and the Joint Company Secretary for a term of three years, with effect from the date of passing the resolution at the sixth meeting of the second session of the Board in 2022. Ms. Mao Yi, aged 47, born in 1975, with Chinese nationality and without the right of permanent residency abroad. Ms. Mao Yi obtained a master's degree in business administration at the University of Hong Kong and qualification certificate of the secretary of the board of Shenzhen Stock Exchange.

Prior to joining the Company, Ms. Mao Yi served as a secretary to the general manager of Shenzhen Qianhai Co., Ltd. from July 1996 to June 1997; and a business assistant in the strategic development department and the container operation department at China International Marine Containers (Group) Co., Ltd. ("CIMC") from July 1997 to January 2002. Ms. Mao Yi formally joined the Company in January 2002 and has held various positions in the Company. Ms. Mao Yi served as a sales assistant and an administrative assistant to the general manager of the Company from January 2002 to September 2010 and participated in the preparation of the establishment of the business of the Company; Ms. Mao Yi worked as the manager of the human resources department at the Company from September 2010 to April 2018; Ms. Mao Yi worked as the director of human resources from April 2018 to February 2022; Ms. Mao Yi acted as the assistant president of the Company from September 2019 to January 2022.

Ms. Mao Yi is serving as the vice president of the Company from January 2022 to the date of this announcement. Ms. Mao Yi currently works as the chairman of Shenzhen CIMC Vehicles Park Investment and Management Co., Ltd, Shaanxi CIMC Vehicle Industrial Park Investment and Development Co., Ltd., Shaanxi CIMC Vehicle Industrial Park Property Management Co., Ltd., Chengdu CIMC Traffic Equipment Manufacturing Co., Ltd., Shenyang CIMC Industrial Park Investment and Development Co., Ltd., Chengdu CIMC Industrial Park Investment and Development Co., Ltd., and Chengdu CIMC Industrial Park Management Co., Ltd., which are subsidiaries of CIMC; the chairman and general manager of Shenzhen Shuxiang Technology Co., Ltd.; the supervisor of Shenzhen Chuangyuan Enterprise Management Co., Ltd., Shenzhen Qiyuan Enterprise Management Center Co., Ltd. and Shenzhen Long Yuan Gang Cheng Investment and Development Co., Ltd.