The board of directors of China MeiDong Auto Holdings Limited announced that the following changes to the composition of the Board will take effect on 30 November 2022: Mr. To Siu Lun will become an independent non-executive Director (‘INED'); and Mr. Jip Ki Chi will resign as an INED since he desires to devote more attention and dedication to his other business engagements. Mr. To Siu Lun aged 54, is a member of the Hong Kong Institute of Certified Public Accountants, a fellow of The Association of Chartered Certified Accountants and an associate of The Taxation Institute of Hong Kong. He worked at RSM Hong Kong (formerly known as RSM Nelson Wheeler) from March 2003 to March 2019, first as a tax director and became a partner since January 2005.

Since March 2019, he has been a partner at ORI Capital Limited (a corporation licensed under the Securities and Futures Ordinance to conduct type 9 regulated activity (asset management) since January 2020). Mr. To is currently a director of ICO Strategy Limited, an independent director of Resverlogix Corp. (the shares of which are listed on the Toronto Stock Exchange), a director of ORI Capital II Inc., and an independent non-executive director of Autotoll Limited.

He was an executive director of Digitel Group Limited from November 2001 to March 2002. Mr. To was conferred a bachelor's degree in social science by the University of Hong Kong in 1990, and was conferred a master of arts in training and human resource development by the University of Technology, Sydney in July 2005. Upon Mr. To's appointment becoming effective, he will also become the chairman of the audit committee, a member of the remuneration committee and a member of the nomination committee of the Company, in place of Mr. Jip who will also step down from all these positions.

Based on information provided by Mr. To, he was previously a director of the following companies incorporated in Hong Kong before their dissolution by deregistration on 18 June 2021, 11 March 2005 and 28 July 2017, respectively as they either ceased its business operations or never commenced business operations: Yuan Song Investment Limited, Hong Kong Lu Bao Tai High-Tech Company Limited and SJS Holdings Limited; and a director of Wodun Investment Consultation (Shenzhen) Co. Ltd., which was incorporated in the PRC, and subsequently had its business license withdrawn as the entity ceased its business operation and no application was made for its renewal. Mr. To confirms that these entities either were principally engaged in investment holdings or have never commenced its business, and were solvent at the time of dissolution/discontinuation.