SG AUTOMOTIVE GROUP announced that the company's board of directors received the resignation letter from director Jiang Wan on May 20, 2025. Jiang Wan resigned from her position as a director of the 11th board of directors and as a member of the board's audit committee for personal reasons, and will no longer hold any position in the company after her resignation. Jiang Wan does not hold any shares in the company and there are no disagreements with the company. Jiang Wan's resignation will not cause the number of board members to fall below the legal minimum, but it will result in the audit committee's membership falling below the legal number. The company will promptly elect relevant positions