The board of directors of Geely Automobile Holdings Limited announced that Mr. Liu Jin Liang has stepped down from his role as an executive director of the company with effect from 15 July 2016 due to his decision to devote more time to his other commitments. The board announced the appointment of Mr. Li Dong Hui, Daniel as an executive director of the company and vice chairman of the board with effect from 15 July 2016. Mr. Li Dong Hui, Daniel was appointed an executive vice president and Chief Financial Officer (CFO) of Zhejiang Geely Holding Group Company Limited, in June 2016, a board member of Geely Holding since April 2011, and a member of the board of directors of Volvo Car Corporation, which is a subsidiary of Geely Holding, since April 2012. Mr. Li is also a director of certain subsidiaries of the Group. He is responsible for the overall strategic planning of the Group's accounting and financing system which includes accounting and financial management, cost control management, budget management, accounting reconciliation, accounting control, internal control review, taxation management, cash flow management, capital operation management, operational risk control, and investment and financing activities monitoring, etc. He is currently the independent director of China CYTS Tours Holding Co. Ltd.