The board of directors of China Yongda Automobiles Services Holdings Limited announced that due to his other personal commitments, Mr. Wang Zhiqiang has resigned from his position as an independent non-executive director, chairman of the Audit and Compliance Committee and chairman of the Remuneration Committee with effect from the conclusion of the 2015 AGM. Ms. ZhuAnna Dezhen has been appointed as an independent non-executive director of the company, chairman of the Audit and Compliance Committee and chairman of the Remuneration Committee with effect from the conclusion of the 2015 AGM. Ms. Zhu has over 28 years of extensive experience in financial analysis, market analysis, investment management and general corporate management.