The Board of Zhejiang Leapmotor Technology Co., Ltd. hereby announced that Mr. Xu Jun is appointed as the senior vice president and chief operating officer of the Company in charge of sales and services; Mr. Zhang Weili is appointed as the senior vice president and chief marketing officer of the Company in charge of marketing and user operation; Mr. Cho Kwong Lun Kelvin has tendered his resignation as the vice chairman and chief financial officer of the Company due to personal career development reason. The abovementioned changes of senior management will take effect from January 13, 2023. The biographical details of Mr. Xu Jun and Mr. Zhang Weili are set out below: Mr. Xu Jun, aged 51, joined the Company in July 2022 and serves as the senior vice president and chief operating officer of the Company since January 2023.

Mr. Xu Jun has extensive experience in marketing. He served as chief marketing expert in Shanghai Geonol Enterprise Management Consulting Co., Ltd. from September 2020 to July 2022; and successively as the director and vice president of sales of the open channel of consumer business in the Greater China Region, and the director of the Asia Pacific Channel of consumer business in Huawei Technologies Co., Ltd. from June 2012 to January 2020. From January 2010 to May 2012, he served as the China-region national channel director in Motorola (China) Co., Ltd. From February 2003 to December 2010, he served as regional manager, deputy general manager of the western region and senior key account manager in Nokia (China) Co., Ltd. Mr. Zhang Weili, aged 43, joined Company in September 2022 and serves as the senior vice president and chief marketing officer of the Company since January 2023.

Mr. Zhang Weili has extensive experience in brand marketing. From 2014 to 2021, he successively served as the chief marketing officer of the Greater China and the Latin America regions in Huawei Terminal Co., Ltd. From June 2012 to March 2014, he served as the senior account director of ZenithOptimedia Group Co., Ltd. From August 2007 to June 2012, he served as the head of digital product marketing in Samsung OpenTide (China) Co., Ltd. Mr. Jin Yufeng, non-executive director of the Company, ceased to be a member of the Audit Committee of the Company for personal reasons. Ms. Drina C Yue independent non-executive director of the Company, will serve as a member of the Audit Committee of the Company.

The abovementioned changes will take effect from January 13, 2023.