The board of directors of China Rundong Auto Group Limited announced that Mr. Pei Yuanhe has been appointed as an executive Director of the company and Mr. Chow Ming Sang has been appointed as an independent non-executive Director of the company with effect from 1 December 2020. Mr. Pei is the Director of the Asset Management Department of the company. Mr. Chow is currently an independent non-executive director of Teamway International Group Holdings Limited. The Board announced that upon the appointment of Mr. Chow, he was appointed as a member of the Audit Committee and the Risk Management Committee of the Board with effect from 1 December 2020.