Aston Martin Lagonda Regulatory News (AML)

28 July 2023

Aston Martin Lagonda Global Holdings plc

Appointment of Non-executive Director

Aston Martin Lagonda Global Holdings plc (the "Company") announces the appointment of Daniel Li as Geely's nominated shareholder representative Non-executive Director, with immediate effect. The appointment is made in accordance with the Relationship Agreement entered into between the Company and Geely International (Hong Kong) Limited on 18 May 2023 (the "Relationship Agreement"). 

Daniel Li is Chief Executive Officer of Geely Holding Group. Mr Li joined Geely Holding Group in 2011 as Director of the Board, VP and Chief Financial Officer. Mr Li has substantial executive management experience from key accounting, financing, and corporate management positions at several companies including Guangxi Liugong Machinery Co., Ltd., Cummins Inc., BMW Brilliance Automotive Ltd., and ASIMCO.

Mr Li is currently a Director of Polestar Automotive Holding UK PLC which is listed on Nasdaq, Volvo Car AB which is listed on Nasdaq Stockholm, Geely Automobile Holdings Limited which is listed on the Hong Kong Stock Exchange and is Chairman of Lotus Group International Ltd.

Also in accordance with the terms of the Relationship Agreement, Geely has appointed Yimin Chen as an observer to the Board.  Mr Chen is Senior Vice President, General Counsel and Chief Compliance Officer of Geely Holding Group.

Lawrence Stroll, Executive Chairman of Aston Martin, said: "I am delighted to welcome Daniel Li as Geely's appointed shareholder representative to the Board and Yimin Chen as an observer to the Board. These appointments are an important part of our relationship with Geely and I look forward to working with them both."

In accordance with the Relationship Agreement, Mr Li will be appointed as a member of the Company's Nomination Committee and an observer to the Audit and Risk Committee, and Mr Chen will be appointed as an observer to the Remuneration Committee. 

The Company confirms that there is no further information to be disclosed pursuant to paragraph 9.6.13R of the Listing Rules of the Financial Conduct Authority with regard to Daniel Li's appointment.

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