NIO Inc. announced that Mr. Denny Ting Bun Lee and Mr. James Gordon Mitchell have accepted the appointment to be directors of the company, both effective upon the SEC's declaration of effectiveness of their registration statement on Form F- 1, of which this prospectus is a part. Ms. Padmasree Warrior, Mr. Tian Cheng, Mr. Liang Li, Mr. Xiang Li, Mr. Yaqin Zhang, Mr. Xiangping Zhong and Mr. Zhaohui Li have submitted their resignation letters to resign from the Board, effective upon the SEC's declaration of the effectiveness of their registration statement on Form F- 1, of which this prospectus is a part. Mr. Lee currently serves as an independent non- executive director on the board of NetEase Inc. He was the chief financial officer of NetEase Inc. from 2002 to 2007. Prior to joining NetEase Inc., Mr. Lee worked in the Hong Kong office of KPMG for more than ten years. Mr. Mitchell serves as Senior Executive Vice President and Chief Strategy Officer of Tencent Holdings, where he has worked since July 2011. Mr. Mitchell has also served as the Chairman and non- executive director of the board of China Literature Limited since June 2017. He is also a non- executive director of certain other listed companies including Yixin Group Limited. The company will establish three committees under the board of directors immediately upon the effectiveness of registration statement on Form F- 1, of which this prospectus is a part: an audit committee, a compensation committee and a nominating and corporate governance committee. Audit Committee. The audit committee will consist of Denny Ting Bun Lee, Hai Wu and James Gordon Mitchell. Denny Ting Bun Lee will be the chairman of audit committee. Compensation Committee. the compensation committee will consist of Hai Wu, James Gordon Mitchell and Bin Li. Hai Wu will be the chairman of their compensation committee. Nominating and Corporate Governance Committee. The nominating and corporate governance committee will consist of Bin Li, Hai Wu and Denny Ting Bun Lee. Bin Li will be the chairperson of nominating and corporate governance committee.