BMW Financial Services changes leadership and completes business registration change, Bao Yishan appointed as Chairman of BMW Financial Services Company.

Tianyancha business information shows that recently, BMW Automotive Finance Co., Ltd. has undergone a business change, with Huo Jede stepping down as chairman and Bo Yishan taking over. BMW Automotive Finance Co., Ltd. was established in September 2010, with Hong Tianyi as the legal representative and a registered capital of 9.8 billion RMB. Its business scope is automotive financial services. Shareholder information shows that the company is jointly funded by BMW AG and BMW Brilliance Automotive Ltd. Previously, the Beijing Financial Regulatory Bureau website issued approval for the qualifications of the chairman and chief operating officer of the company.