Gogox Holdings Limited announced that Mr. Wang Ye ("Mr Wang") has resigned as a non-executive Director of the Company with effect from August 30, 2024 in order to devote more time to his other business commitments. Mr. Hu Xiangcheng ("Mr. Hu") has been appointed as a non-executive Director of the Company with effect from August 30, 2024. Hu Xiangcheng, aged 53, has extensive experience in business administration and corporate management.

Mr. Hu is the chairman of Wuhu Haoyong Vehicle Rental Co. Ltd. ("Wuhu Haoyong"). The Group holds 40% interest in Wuhu Kaixin Daojia Technology Co.

Ltd. ("Wuhu Kaixin"), while Wuhu Haoyong holds 60% interest in Wuhu Kaixin. Wuhu Haoyong is a wholly-owned subsidiary of Chery Holding Group Co. Ltd. ("Chery Holding"), one of the leading vehicle manufacturers in the PRC and a cornerstone investor of the Company during its initial public offering.

Mr. Hu is also the chairman of Chery Wanda Guizhou Vehicle Co. Ltd., deputy general manager of Chery Commercial Vehicle Company, general manager of Guizhou Ruiqi New Energy Automobile Co. Ltd., and the head of Chery Guizhou Industrial Base .