Grand Baoxin Auto Group Limited — Board/Management Information 2013

Sep 18, 2013

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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BAOXIN AUTO GROUP LIMITED 寶 信 汽 車 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1293)

(1) CHANGE OF PRESIDENT (2) APPOINTMENT OF VICE-CHAIRMAN AND CHIEF EXECUTIVE OFFICER

The Board is pleased to announce that with effect from September 18, 2013:

• (1) Mr. Yang Hansong has been appointed as vice-chairman and chief executive officer of the Company and ceased to act as the president of the Company on the same date. Mr. Yang will remain as executive director of the Company, member of the nomination committee and remuneration committee of the Board; and

• (2) Mr. Wang Zhen has been appointed as president of the Company.

The board of directors (the ‘‘Board’’) of Baoxin Auto Group Limited (the ‘‘Company’’) is pleased to announce that with effect from September 18, 2013 (1) Mr. Yang Hansong (‘‘Mr. Yang’’) has been appointed as vice-chairman and chief executive officer of the Company and ceased to act as the president of the Company on the same date. Mr. Yang will remain as executive director (‘‘Director’’) of the Company, member of the nomination committee and remuneration committee of the Board; and (2) Mr. Wang Zhen (‘‘Mr. Wang’’) has been appointed as president of the Company.

The Board believes that Mr. Wang is a suitable candidate for this position given his experience and past involvement in the automobile dealership industry.

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The following information is provided pursuant to rule 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ‘‘Listing Rules’’):

Mr. Wang Zhen

Mr. Wang Zhen (王震), aged 40, was the chief executive officer and chief financial officer of 廣匯汽車服務股份有限公司 (China Grand Auto Limited) from 2008 to 2013. From 1995 to 2008, he served in the global head office and Asia Pacific office of General Electric Company (通用電氣公司) as the global executive audit manager, and the chief financial officer for Asia Pacific region of General Electric Consumer and Industrial Group. Mr. Wang graduated with a bachelor’s degree at 復旦大學 (Fudan University) in 1995.

Save as disclosed above, there is no other information relating to Mr. Wang to be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

Mr. Yang Hansong

Mr. Yang Hansong (楊漢松), aged 50, is an executive Director, member of the nomination committee and remuneration committee of the Board. He is currently also the director of NCGA Holdings Limited. Mr. Yang has substantial experience in the automobile dealership industry. He has been appointed in 2008 as a director and president of the of the Company (and, together with its subsidiaries, the ‘‘Group’’). From 2004 to 2008, he was an executive director of Suzhou Baoxin Automobile Sales & Services Co., Ltd. and from 2002 to 2004 he was the general manager of Shanghai Taipingyang Jinsha Automobile Sales & Services Co., Ltd. From 1999 to 2002, he was appointed as vice chairman of Shanghai Kailong Automobile Trading Co., Ltd. Prior to joining the Group, he worked as a deputy general manager at 上海華順汽車銷售有限公司 (Shanghai Huashun Automobile Sales Company Limited) from 1995 to 1999. Mr. Yang graduated with a bachelor’s degree in history at the Jiangxi Normal University in 1983. He obtained an EMBA degree from Dalian University of Technology in 2006. He is currently completing a PhD degree in management studies at Dalian University of Technology. Mr. Yang was appointed as an executive Director on November 22, 2011. Mr. Yang is the brother of Mr. Yang Aihua and Mr. Yang Zehua.

Save as disclosed above, there is no other information relating to Mr. Yang to be disclosed pursuant to Rule 13.51(2) of the Listing Rules.

By order of the Board Baoxin Auto Group Limited YANG Aihua Chairman

Hong Kong, September 18, 2013

As of the date of this announcement, the executive Directors are Mr. YANG Aihua, Mr. YANG Hansong, Mr. YANG Zehua, Ms. HUA Xiuzhen and Mr. ZHAO Hongliang, the nonexecutive Director is Mr. ZHANG Yang, and the independent non-executive Directors are Mr. DIAO Jianshen, Mr. WANG Keyi and Mr. CHAN Wan Tsun Adrian Alan.

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