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On March 24, the board of CAPSA announced the change of CAPSA EC organization: Mr. Xu Jun will not be the VP in charge of sales& marketing and external affairs and he will have new title in Mother Company.

Mr. Xu Jun was nominated as deputy leader of project in charge of negotiating with PSA after CSG merged the auto business of AVIC in November 2009. The JV contract was signed on July 9, 2010. Start from October of 2010, Xu Jun was the deputy leader of CAPSA preparation team and VP in charge of purchase, sales & marketing and external affairs.

Mr. Xu Jun witnessed the history of CAPSA from negotiation, preparation, to establishment and development. He is one of the founders of CAPSA and made great contribution for CAPSA and paved the way for the better future of CAPSA.