On November 23, 2009, Shanghai Diesel Engine Co., Ltd. announced that after the fifth board meeting in 2009, the Board of Directors decided to appoint Mr. Wang Xiaoqiu as the general manager of the company. The terms of their appointments will be from the date of deliberation and approval of the meeting to the current board of directors. At the same time, the company also newly appointed the chief financial officer.

Mr. Wang Xiaoqi has accumulated years of solid business and management experience in the automotive field. Since 1988, he has worked in various positions in Shanghai Volkswagen and Shanghai Automotive and has worked in enterprise technology, quality management, and business management. He has performed well in the entire vehicle and parts field.

The Shangchai Board of Directors believes that Mr. Wang Xiaoqiu’s work experience is rich, he is technically advanced and he has worked in the technology, quality management and business management of the company. He has had remarkable achievements and built the core competitiveness of “Quality, Technology and Service” in Shanghai Diesel Engine Co., Ltd. In the process, it is very suitable.

Xiong Weiming, former general manager of the company, resigned from the position of general manager of the company because the controlling shareholder Shanghai Automotive Group Co., Ltd. had another appointment.

In the past two years, Shangchai Company, under the leadership of General Manager Xiong Weiming, has become an outstanding member of SAIC Motor. In the future, we believe that under the leadership of General Manager Wang Xiaoqiu, Shangchai Power will provide users with more and better power products along the established development strategies in the areas of commercial vehicles and construction machinery.

Attachment: General Manager Wang Xiaoqiu

Wang Xiaoqiu: Male, Han nationality, was born in Kunshan, Jiangsu Province in August 1964. He joined the work in July 1988 and joined the Communist Party of China in December 1984. He has a master's degree, a doctorate, and senior engineer. Since 1988, he has served as an external assessor of the Quality Assurance Department of Shanghai Volkswagen Automotive Co., Ltd., Chief of the Division, and Manager of Quality Assurance Division of Engine 2 Factory, Deputy Director of Shanghai Automotive Industry Quality Supervision Center, Deputy Director of Shanghai Automotive Industry Technology Center, Quality of Shanghai Volkswagen Automotive Co., Ltd. Deputy Manager of the Department of Security, Deputy General Manager of Shanghai Pilborg Non-Ferrous Parts Co., Ltd., Deputy General Manager of Shanghai Automotive Co., Ltd., General Manager of Shanghai Automotive Manufacturing Co., Ltd., General Manager of Shanghai Automotive Group Co., Ltd. Passenger Vehicle Subsidiary, 2008 Since December of this year, he has been deputy general manager of Shanghai Automotive Group Co., Ltd. passenger car subsidiary.

About Shangchai Power:

Shanghai Diesel Engine Co., Ltd. is a state-owned large-scale high-tech enterprise integrating development, design, manufacture, and sales. Its business scope covers engines, fuel systems, and diesel generator sets.

Shanghai Diesel Engine's current product series mainly include: 114 Series, 121 Series, 135 Series, etc., are widely used in trucks, buses, construction machinery, ships, mobile power stations and other fields, the products are exported to more than 50 countries and regions. The National III and above engines were also awarded the title of “Designated Environmental Protection Engines for the 2010 Shanghai World Expo”. Based on existing products, Shanghai Diesel Power also developed new products such as CNG/LNG, dimethyl ether, and hybrid power to enhance its ability to cope with energy shortages.

Shangchai Power always adheres to the service tenet of “customer first, integrity-based” and aims to “swift, professional, true feelings” and has established an “Easy+People” service brand to provide customers with branded service experience.