BAIC Motor Announces Management Reshuffle and Secures Listing Rules Waiver for New Company Secretary

Bulletin Express04-30

BAIC Motor Corporation Limited disclosed a series of senior management changes, effective 30 April 2026.

Two departures: • Company Secretary and Authorised Representative Yu Dan resigned due to work commitments. • Joint Company Secretary Ng Sau Mei stepped down because of other work arrangements. Both confirmed no disagreement with the Board and no matters requiring shareholder attention.

New appointments: • Huang Yan becomes Company Secretary and Authorised Representative. Huang, born in 1987, is an economist with an MBA and over 13 years’ experience across BAIC-affiliated automotive entities. He is currently a vice-president of BAIC Motor and secretary to the Board. • Li Ka Wai takes the role of Joint Company Secretary. Li is a senior manager at TMF Hong Kong with more than 20 years’ company secretarial experience and is an associate of The Hong Kong Chartered Governance Institute and its UK counterpart.

Waiver details: Huang does not yet hold the professional qualifications stipulated in Rules 3.28 and 8.17 of the Hong Kong Listing Rules. After reviewing BAIC Motor’s application, the Stock Exchange granted a three-year waiver, subject to: 1. Huang being assisted by Li throughout the waiver period. 2. Huang completing at least 15 hours of relevant professional training each financial year. 3. Possible revocation if BAIC Motor commits material Listing Rules breaches.

Before the waiver expires, BAIC Motor must demonstrate Huang’s capability to discharge company secretary duties independently for the waiver to lapse permanently.

The Board expressed gratitude to Yu and Ng for their service.

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