The board of directors of Optima Automobile Group Holdings Limited announced that with effect from 30 June 2022, Ms. Tan Meng Choon has resigned as an independent non-executive Director in order to devote more time to her personal affairs and other business commitments. She has ceased to be a member of the audit committee of the Board, the chairlady of the remuneration committee of the Board and a member of the nomination committee of the Board. The Board also announced that Ms. Yi Jing has been appointed as an independent non-executive Director with effect from 30 June 2022.

Ms. Yi Jing, aged 34, currently practices as a lawyer in Hunan Xingbang Law Firm in the People's Republic of China since January 2021. She worked as an assistant to lawyer in the same firm during the period from December 2017 to March 2019 and started to work as an associate in the same firm during the period from March 2019 to January 2021. Ms. Yi was previously the leader of a legal team in Hunan Jinzhou Law Firm in the PRC during the period from November 2015 to December 2017.

She worked as an assistant to the president and general secretary at Hunan Provincial Hunan Cuisine Industry Promotion Association from March 2012 to November 2015. Since May 2019, Ms. Yi has acted as an independent director of Bit Brother Limited (formerly known as Urban Tea Inc.). She also serves as the deputy general secretary (part-time) in Hunan Provincial Hunan Cuisine Industry Promotion Association since April 2018 and the deputy director in Youth Returnees ' Association of the Hunan Committee of The Zhi Gong Party of China since September 2017.

Ms. Yi passed the National Unified Legal Professional Qualification Examination in March 2019 and is qualified as a practising lawyer in the PRC in January 2021. She obtained a bachelor 's degree in jurisprudence from the Chengsha University of Science and Technology in the PRC in June 2010 and a Master of Laws in international commercial law from the University of Kent in the United Kingdom in July 2012. Changes in composition of board committees: Following the resignation of Ms. Tan, with effect from 30 June 2022, Ms. Yi has been appointed as a member of the Audit Committee, the chairlady of the Remuneration Committee and a member of the Nomination Committee in place of Ms. Tan.

Following the resignation of Ms. Tan as an independent non-executive Director and the appointment of Ms. Yi as an independent non-executive Director, (i) the Board will consist of nine members, including six executive Directors and three independent non-executive Directors which represent at least one-third of the Board as required under Rules 5.05(1) and 5.05A of the GEM Listing Rules; (ii) the Audit Committee will comprise three members and a majority of independent non-executive Directors as required under Rule 5.28 of the GEM Listing Rules; (iii) the Remuneration Committee will comprise three members, a majority of independent non-executive Directors and chaired by an independent non-executive Director as required under Rule 5.34 of the GEM Listing Rules, and (iv) the Nomination Committee will comprise three members and a majority of independent non-executive Directors as required under Rule 5.36A of the GEM Listing Rules.