The board of directors of the China MeiDong Auto Holdings Limited announced that with effect from June 22, 2015 after the adjourned AGM held, the company announced the retirement of Mr. Li Lin as an independent non-executive director and ceased to be a member of audit committee. The board also announced the appointment of Mr. Wang, Michael Chou as an independent non-executive director and a member of audit committee. Mr. Wang has also been appointed as a member of the audit committee of the company in place of Mr. Li.

Mr. Wang is currently the managing partner and president of Abax Global Capital.