The board of directors of Great Wall Motor Company Limited announced that the Board has received a resignation letter from Ms. Wang Feng Ying ("Ms. Wang"), the General Manager of the Company, who resigned as the General Manager due to work adjustment with effect from 24 July 2022. Ms. Wang will continue to engage in the strategic management work of the Company. The Board decided to appoint Mr. Mu Feng ("Mr. Mu") as the General Manager of the Company and will determine his remuneration based on the work and responsibilities of his position.

Mr. Mu will enter into a service agreement with the Company with the term of office commencing from the date upon the consideration and approval by the Board (i.e. the date of this announcement) until the expiry of the 7th session of the Board. The remuneration of Mr. Mu will mainly comprise of basic salary, performance bonus, benefits and various social insurance, and contribution to housing provident funds, and it shall be determined in accordance with applicable regulations of the Company and results of annual appraisal. Upon the determination of the remuneration, the Company will disclose the remuneration of Mr. Mu in the annual report to be issued by the Company in due course.