The board of directors of FDG Electric Vehicles Limited announced that Mr. Miao Zhenguo has resigned as executive director of the Company with effect from 12 June 2018 as Mr. Miao will focus on his role as an executive director and chief executive officer of FDG Kinetic Limited (a subsidiary of the Company). Upon his resignation, Mr. Miao has ceased to be a member of each of the Nomination Committee and the Remuneration Committee of the Company. The Board also announced that Mr. Jaime Che has been appointed as a member of each of the Nomination Committee and the Remuneration Committee of the Company with effect from 12 June 2018.