The board of directors of Qingling Motors Co. Ltd. announced that Mr. HAYASHI Shuichi, Mr. MAEGAKI Keiichiro and Mr. ADACHI Katsumi have tendered their resignation as executive Directors of the Company due to work reallocation, and Mr. HAYASHI Shuichi has also tendered his resignation as a vice chairman and the general manager of the Company, with effect from the date of convening of the forthcoming extraordinary general meeting of the Company.