Huazhong In-Vehicle Holdings Company Limited announced that Mr. Yu Shuli ("Mr. Yu") has resigned as an independent non-executive Director, a Chairman of each of the audit committee (the "Audit Committee") and the remuneration committee (the "Remuneration Committee") and a member of the nomination committee (the "Nomination Committee") of the Company due to other business commitments with effect from 30 June 2023. The Board is announce that Mr. Wang Dongchen ("Mr. Wang") has been appointed as an independent non-executive Director, a Chairman of the Remuneration Committee and a member of0 the Audit Committee and the Nomination Committee with effect from 1 July 2023. Mr. Wang Dongchen, aged 56, graduated from the Automobile Design Department of Jilin University of Technology () in 1992 and obtained a bachelor's degree and master's degree.

Mr. Wang has over 30 years of experience in automotive technology development. From 1994 to 2015, Mr. Wang was the division chief of the engineering department, the head of the product department, the head of the technology development department and the director of FAW-Volkswagen Automotive Co. Ltd. Subsequently, Mr. Wang served as the assistant director of the FAW Group Technology Center and the head of the car department until December 2016.

Mr. Wang served as the executive vice president of Aiways Automobile Co. Ltd. from December 2016 to March 2021. Mr. Wang has served as the co-founder of Shanghai Bogan New Energy Vehicle Technology Co.

Ltd. since March 2021. The Board announced Mr. Wong Luen Cheung Andrew has been appointed as a Chairman of the Audit Committee with effect from 1 July 2023.