QINGLING MOTORS (01122): Luo Yuguang resigns as executive director.

QINGLING MOTORS (01122) announced that Mr. Luo Yuguang resigns as an executive director, Chairman of the company, member of the Remuneration Committee, and chairman and member of the Nomination Committee due to a reassignment of work responsibilities. Mr. Nakamura Yukiji resigns as an executive director and Vice Chairman of the company due to a work adjustment. Mr. Tsurugi Kan'o resigns as an executive director due to a work adjustment. Mr. Xu Song resigns as an executive director due to a reassignment of work responsibilities. Mr. Li Juxing resigns as an executive director due to a reassignment of work responsibilities. Mr. Li Xiaodong resigns as an executive director due to a reassignment of work responsibilities. Mr. Long Tao resigns as an independent non-executive director, member of the Audit Committee, member of the Remuneration Committee, and member of the Nomination Committee as he has reached retirement age. Mr. Song Xiaojiang resigns as an independent non-executive director, Chairman and member of the Audit Committee, Chairman and member of the Remuneration Committee, and member of the Nomination Committee as he has reached retirement age. These resignations will take effect on the day of the upcoming extraordinary general meeting. The controlling shareholder, Qingling Automobile Group Co., Ltd. (Qingling Group), has provided written notice nominating Mr. Liu Zhongwei, Mr. Xu Dengke, and Ms. Song Xiumin as director candidates. The major shareholder, Isuzu Motors Limited (Isuzu), has provided written notice nominating Mr. Keer Zhuozhi, and Mr. Nagata Tomoya as director candidates. The company's employee representative has nominated Ms. Yan Huarong as an employee director candidate. Based on the recommendation of the Nomination Committee, the Board of Directors has nominated Mr. Liu, Mr. Keer, Mr. Nagata, Mr. Xu, Ms. Song, Mr. Yang Xinglong, and Ms. Hou Qian as director candidates, with a term starting from the day of the extraordinary general meeting until the day of the company's shareholders meeting in 2027. Resolutions will be brought to elect directors at the extraordinary general meeting. After the election of directors, the company will hold a board meeting to appoint (1) Mr. Liu as Chairman of the company, member of the Remuneration Committee, and Chairman and member of the Nomination Committee; (2) Mr. Keer as Vice Chairman of the company; (3) Mr. Yang as Chairman and member of the Audit Committee, Chairman and member of the Remuneration Committee, and member of the Nomination Committee; and (4) Ms. Hou as member of the Audit Committee, member of the Remuneration Committee, and member of the Nomination Committee.