BAIC Motor Announces Director Reshuffle: Gu Tiemin Resigns, Xiao Jiajin Nominated

Bulletin Express06-23

BAIC Motor Corporation Limited (BAIC Motor) disclosed that the Board meeting held on 23 June 2026 approved the resignation of non-executive Director and Remuneration Committee member Mr. Gu Tiemin owing to work adjustments. The resignation will take effect once a new Director is appointed. Mr. Gu confirmed there is no disagreement with the Board and no matters requiring shareholder attention.

To fill the vacancy, the Board has proposed Mr. Xiao Jiajin as a non-executive Director and member of the Remuneration Committee. His term will run from shareholder approval until the end of the fifth Board session. Mr. Xiao, born in October 1968, holds a bachelor’s degree, is an engineer, and currently serves as an expatriate full-time director at Beijing State-owned Capital Operation and Management Company Limited. Prior roles include senior positions across Beijing’s machinery and technology cooperation entities.

The company stated that Mr. Xiao has no shareholding in BAIC Motor, no relationships with existing Directors, supervisors, senior management, or substantial shareholders, and will not receive remuneration for his directorship. A service contract will be executed upon approval, and a circular convening the shareholders’ meeting will be distributed in due course.

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