OREANDA-NEWS. July 23, 2012. SAIC Motor Corporation Limited (Securities code: 600104; hereafter "SAIC Motor" for short) today announces that new board of directors and board of supervisors (the fifth term) are selected. This is the first change of board of directors and board of supervisors after SAIC Motor was restructured at the end of 2011.

The fifth term of SAIC Motor is composed of 9 directors, namely, 6 non-independent directors and 3 independent directors. From the approval date of shareholder meeting, the office term of directors last for 3 years. In order to meet the requirement of the improvement of management structure, there are 5 external directors despite of independent directors and shareholders, which cover over 1/2 of entire number of directors.

6 non-independent directors of the fifth board of director of SAIC Motor respectively are: Hu Maoyuan, President of SAIC Motor; Chen Hong, Deputy-president and CEO of SAIC Motor; Chen Jianhua, Deputy-president of SAIC Motor. Li Jirong is employee director. External directors are Yu Zhuoping and Xie Rong. Three independent directors are Yu Yinghui, Wang Fanghua and Zhou Qinye.

The shareholder meeting also selects the first (fifth) board of supervisor of SAIC Motor. The first (fifth) board of supervisor of is composed of 5 supervisors. Liu Jiande, Jiang Yingshi and Xue Jian are company supervisors. Zhu Xian and Ma Longying are employees' representative supervisors. Jiang Yingshi is the President of board of supervisor and Xue Jian is Deputy-president.

From January to April 2012, the vehicle sales volume of SAIC Motor is 1.509 million with a Y-to-Y growth of 9.2%. As the biggest vehicle listed company in domestic A share market, under the guidance of new board of directors and board of supervisors, SAIC Motor continues to improve core competitiveness and international business capability and strives to the domestic advanced vehicle company with international influence.