As at the date of this announcement, Mr. Shi beneficially owned 160,395 A shares and 409,920 A share options of the Company.
In accordance with the provisions of Article 8 of the "Administrative Measures on Share Option Incentives of Listed Companies" issued by the China Securities Regulatory Commission, the incentive participants shall not include independent directors and supervisors. Mr. Shi can no longer exercise the outstanding A share options granted by the Company from the date of his appointment and the relevant share options will be cancelled by the Company in accordance with the relevant procedures.
Mr. Shi has not held any directorships in other listed companies in Hong Kong or overseas in the past three years or any other positions with the Company and other members of the Group, and saved as disclosed above, he does not have any relationship with any directors, senior management, substantial shareholders or controlling shareholders of the Company.
Save as disclosed above, as at the date of this announcement, Mr. Shi does not have any interests in the shares of the Company (within the meaning of Part XV of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong)).
Save as disclosed above, there is no other information relating to Mr. Shi that needs to be disclosed pursuant to Rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and no other matter in relation to his appointment that needs to be brought to the attention of the shareholders of the Company.
The Company hereby expresses its gratitude to Mr. He for his contribution to the work of the Supervisory Committee during his tenure of office and takes this opportunity to extend a warm welcome to Mr. Shi in joining as a new member of the Supervisory Committee.
By order of the Board
Guangzhou Automobile Group Co., Ltd.
Guangzhou, the PRC, 21 September 2020
As at the date of this announcement, the executive directors of the Company are ZENG Qinghong and FENG Xingya, the non-executive directors of the Company are CHEN Xiaomu, CHEN Maoshan, CHEN Jun, DING Hongxiang and HAN Ying, and the independent non-executive directors of the Company are ZHAO Fuquan, XIAO Shengfang, WONG Hakkun and SONG Tiebo.