The Board of Qingling Motors Co. Ltd. announced that at the AGM held on June 15, 2016, the resignations of Mr. Makoto TANAKA and Mr. Naoto HAKAMATA as executive Directors were accepted and Mr. Masanori OTA, Mr. Yoshifumi KOMURA and Mr. XU Song were elected as executive Directors, all with effect from 15 June 2016. Masanori OTA was re-designated back to Isuzu in 2000 to serve as the Section Chief of PT Production Technology Department and later held the position as the Head of the Third Department of PT Manufacturing (PT) and the Head of the PT Public Works Department (PT). He had served as the Executive Officer of Main Department of Technology, Production Department, PT Manufacturing Department (PT) and PT Quality Management Department (PT) since 2013. Yoshifumi KOMURA successively served as the Managing Executive Officer of America Operations Department and the Chief Executive Officer of ISUZU LINEX CO., LTD. from February 2011 until April 2015. Mr. KOMURA was re-designated back to Isuzu in April 2015 to serve as the Managing Executive Officer. He currently serves as the Managing Executive Officer. Since 2005, XU Song served as an assistant to general manager of Qingling Group and the vice general manager of the Company, and also served as the head of the business planning department of Qingling Group and the Company. He also served as the head of the procurement department of Qingling Group in November 2005. From 2009 to 2012, he successively served as the deputy general manager and a member of the party committee of Qingling Group, the general manager, the secretary and a member of the Party Committee of Chongqing Qingling Casting Company Limited. From 2012 till now, Mr. XU served as the deputy general manager, director and a member of the Party Committee of Qingling Group.

The Board announced the proposal of the payment of final dividend of RMB 0.16 per Share in respect of the year ended 31 December 2015 to holders of H Shares and Domestic Shares as recommended by the Board was approved at the AGM. The final dividend will be paid to the Shareholders whose names appear on the register of Shareholders on 29 June 2016, which shall be distributed to the holders of H Shares on or before 18 July 2016.