The board of directors of Nexteer Automotive Group Limited announced that Mr. ZHANG, Jianxun ("Mr. ZHANG") has been appointed as a non-Executive Director and a member of the Remuneration and Nomination Committee of the company in place of Mr. WANG, Xiaobo with effect from March 13, 2018. Mr. ZHANG was appointed as a non-Executive Director on March 13, 2018. Mr. ZHANG is responsible for the Group's strategy and key operations and advising on the company’s strategies and policies.