The board of directors of Huazhong In-Vehicle Holdings Company Limited announced that Mr. Wu Bichao ("Mr. Wu") has been appointed as an independent non-executive Director with effect from 12 September 2018. In 2000, Mr. Wu shifted his career focus from real estate to overseas and Hong Kong financial markets. His investment fields included securities, equity investment and the initiation and management of funds. Mr. Wu was also involved in several merger, acquisition and reorganization projects in recent years.