China Automobile New Retail : CHANGE OF COMPANY SECRETARY AND AUTHORISED REPRESENTATIVE

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CHINA AUTOMOBILE NEW RETAIL (HOLDINGS) LIMITED 中國汽車新零售（控股）有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 526)

CHANGE OF COMPANY SECRETARY AND

AUTHORISED REPRESENTATIVE

The board of directors (the "Board") of China Automobile New Retail (Holdings) Limited (the "Company") announces that Mr Pun Kam Wai Peter ("Mr Pun"), due to his retirement, has resigned as the company secretary of the Company and ceased to act as an authorised representative of the Company for the purpose of Rule 3.05 of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and an authorised representative of the Company for accepting service of process or notice in Hong Kong under Part 16 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) (the "Authorised Representative"), with effect from 16 March 2021.

Mr Pun has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or the Stock Exchange.

Following the resignation of Mr Pun, the Board announces that Ms Pang Yuen Shan Christina ("Ms Pang") has been appointed as the company secretary and the Authorised Representative of the Company, both with effect from 16 March 2021. Ms Pang meets the requirements under Rule 3.28 and 8.17 of the Listing Rules. Ms Pang is a solicitor qualified in Hong Kong. She obtained a bachelor degree in Laws from City University of Hong Kong in 1995 and a master degree of Laws in International & Commercial Law from University of Sheffield in 1996. Ms Pang was admitted as a solicitor in 1999 and is currently a solicitor and work in private practice. Ms Pang has over 15 years of experience in corporate secretarial practice. She is now an independent non-executive director of Speedy Global Holdings Limited (stock code 540).

The Board would like to express its gratitude to Mr Pun for his valuable efforts and contributions to the Company and take the opportunity to express its warmest welcome to Ms Pang on her new appointments.

By order of the Board

CHINA AUTOMOBILE NEW RETAIL (HOLDINGS) LIMITED

Cheng Jianhe

Director

Hong Kong, 16 March 2021

As at the date of this announcement, the Board comprises Mr Li Lixin, Mr Cheng Jianhe and Ms Jin Yaxue being executive Directors, Ms Cheng Weihong being non-executive Director, Mr He Chengying, Mr Cheung Kiu Cho Vincent, Mr Shin Yick Fabian and Mr Kwong Kwan Tong being independent non-executive Directors.