Qingling Motors Co., Ltd. at the extraordinary general meeting held on August 25, 2022, approved to accept the resignation of Mr. MASUDA Yoichi as an executive Director, with effect from the date of the EGM, and authorize the Board to terminate the service contract entered into between the Company and Mr. MASUDA Yoichi on such terms and conditions as it may think fit and to do all such acts and things to give effect to such matters and also accept the resignation of Mr. YAGI Naoto as an executive Director, with effect from the date of the EGM, and authorize the Board to terminate the service contract entered into between the Company and Mr. YAGI Naoto on such terms and conditions as it may think fit and to do all such acts and things to give effect to such matters. To consider and approve the election of Mr. NAKAMURA Osamu as an executive Director, for a term commencing on the date of the EGM and ending on the date of the annual general meeting of the Company in 2024 and authorize the Board to determine his director's remuneration and enter into a service contract with Mr. NAKAMURA Osamu on such terms= and conditions as it may think fit and to do all such acts and things to give effect to such matters. To consider and approve the election of Mr. KIJIMA Katsuya as an executive Director, for a term commencing on the date of the EGM and ending on the date of the annual general meeting of the Company in 2024 and authorize the Board to determine his director's remuneration and enter into a service contract with Mr. KIJIMA Katsuya on such terms and conditions as it may think fit and to do all such acts and things to give effect to such matters.