Autohome Inc. announces board changes

Autohome Inc. ("Autohome" or the "Company") (NYSE: ATHM), the leading online destination for automobile consumers in China, today announced that Mr. Quan Long has been appointed as the successor to Mr. Min Lu to serve as a director and the chairman of the board of directors of the Company (the "Board"), the chairman of the nominating and corporate governance committee and the compensation committee of the Board, and the chief executive officer of the Company, effective immediately. Mr. Lu retired from his roles in the Company to explore new areas beyond office life.

Before joining Autohome, Mr. Long has held a series of leadership roles within Ping An Insurance (Group) Company of China, Ltd. (HKEX: 2318; SHA: 601318) since he first joined as a salesman in 1998, including as the assistant general manager, vice general manager and general manager of several provincial-level branches of Ping An Property & Casualty Insurance Company of China, Ltd. He has been serving as vice general manager of Ping An Property & Casualty Insurance Company of China, Ltd. since December 2018. In addition, Mr. Long has extensive experience in business management at leading internet companies, such as serving as the assistant general manager of Lufax Holding Ltd (NYSE: LU) in charge of insurance business between October 2015 and January 2017, as the senior director of Ant Group's insurance business since February 2017, and as the director, general manager and chief executive officer of Cathay Insurance Company Limited between June 2017 and September 2018. The long career in insurance business, especially in the property and casualty insurance segment, has equipped Mr. Long with nuanced understanding and deep insight of the market segments and business operations along the value chain of the automobile industry. Mr. Long received his bachelor's degree and master's degree from Wuhan University of Technology.

The Board and the Company are greatly thankful for Mr. Lu's long-term services and significant contributions to Autohome and wish him the best in his future endeavors. Under Mr. Lu's leadership, Autohome has successfully grown from a content-led vertical media company to an integrated ecosystem that connects all participants in the auto industry, providing end-to-end products and solutions across the value chain. At the same time, the Board and the Company warmly welcome Mr. Quan Long and are confident that his demonstrated leadership skills, rich experience and deep insight in the internet sector and automobile sector, particularly in respect of the integration of online and offline business, will be of great value to the Company. The Board believes that Mr. Long will continue to drive the Company to the next level of success.