The Board of Shanghai Dongzheng Automotive Finance Co., Ltd. announced that Mr. Yin Yaoliang has tendered his resignation from his position as a non-executive Director with effect from the effective date of appointment of Mr. Li Guozhou as a non-executive Director. The Board announced that an ordinary resolution will be proposed at the EGM to appoint Mr. Li Guozhou as a non-executive Director with effect from the date of approval by the CBIRC on the qualification of Mr. Li Guozhou as a non-executive Director.