CIMC Vehicles (Group) Co., Ltd. announced that on September 16, 2022, the Board appointed Mr. Wang Yu, a non-executive Director, as the chairman of the Strategy and Investment Committee under the second session of the Board, and Mr. He Jin, a non-executive Director, as a member of the Strategy and Investment Committee under the second session of the Board, and their terms of office shall commence from the date of approval by the ninth meeting of the second session of the Board in 2022 to the expiry of the term of office for the second session of the Board. The biographical details of Mr. Wang Yu and Mr. He Jin are set out as follows: Mr. Wang Yu, aged 50, born in April 1972, with Chinese nationality and without the right of permanent residence abroad, is a non-executive Director and a member of the Strategy and Investment Committee under the Board. Mr. Wang Yu joined the Group in November 2014 and has served as a non-executive Director since then and a member of the Strategy and Investment Committee under the Board.

Prior to joining the Group, Mr. Wang Yu worked for International Data Group Investment Ltd. as the legal counsel from January 2001 to December 2002. Since 2003, Mr. Wang Yu served as the general manager of legal department of China International Marine Containers Co., Ltd. . Mr. Wang Yu is currently directors of certain subsidiaries, associates and/or portfolio companies of CIMC, including a director of CIMC-TianDa Holdings Company Limited), the chairman and the general manager of Shenzhen Qianhai CIMC Qigu Investment Co., Ltd., the chairman of CIMC Xinde Leasing Co., Ltd. Co., Ltd. Mr. Wang Yu obtained a bachelor's degree in transportation management from Dalian Maritime University) in the PRC in July 1993 and a master's degree in law from Dalian Maritime University in the PRC in June 1996.

Mr. Wang Yu obtained lawyer's qualification certificate from the Ministry of Justice of the PRC in July 1996. Mr. Wang Yu is currently an arbitrator in China International Economic and Trade Arbitration Commission . Mr. He Jin, aged 43, born in July 1979, with Chinese nationality and without the right of permanent residence abroad, is a non-executive Director.

Mr. He Jin graduated from Hunan University and obtained a bachelor's degree in law in 2002. Mr. He Jin currently serves as the general manager of the human resource department in CIMC. Mr. He Jin joined CIMC since October 2003.

From October 2003 to December 2007, he worked in Shenzhen Southern CIMC Containers Manufacture Co., Ltd. . From December 2007 to February 2009, he worked in Chongqing CIMC Logistics Equipments Co., Ltd. and has served in human resource department of CIMC since February 2009.