Shanghai June 2nd, 2017 ZXZC-In order to integrate resources better, Volvo Automobile Asia Pacific adjusts and optimizes the organizational structure on June 1, 2017, and establishes the Greater China region, including Chinese mainland, Hong Kong, Taiwan, and Macao. In addition, Internet Info Agency learned from Volvo official that the current Volvo CEO Mr. Chen Lizhe will be responsible for the sales in Greater China market business.

After the framework adjustment, Volvo will lead to the advantages complement and coordinated development between Taiwan and Hong Kong which is based on the mainland, and fully strengthen the resource allocation in the area and form market forces. Yuan Xiaolin, the global senior vice president, Asia Pacific president CEO of Volvo said that the establishment of Volvo Greater China will make full use of the common points of the four markets, and effectively promote the integration of regional resources, accelerate the development of Volvo in the Greater China, improve the market performance in the Asia Pacific which keeps China as the core area".

At the same time last year, Mr. Chen Lizhe was appointed president of Chinese Volvo Automobile company, being responsible for marketing, sales channels and customer service business. In the year, Volvo has made significant progress in the market sales and brand influence.

From January to April in 2017, the total sales of Volvo in the global market reached 176043 vehicles, compared to the 163025 units in 2016, the sales volume has increased 8%. China market is becoming the driving engine of Volvo's global sales growth.

In the future, Mr. Chen Lizhe will lead the sales team to promote the integration of resources in Greater China, making Volvo closely related with the global market and promoting the sustained and rapid development in the "second stages of global revival".