FDG Electric Vehicles Limited announced that Mr. Lo Wing Yat has been re-designated from an executive director of the company to a non-executive director of the company with effect from 22 November 2018. Mr. Lo was appointed as an executive director of the company on 22 November 2006. Mr. Lo also holds directorship in a subsidiary of the company. He is currently an independent non-executive director of China Traditional Chinese Medicine Holdings Co. Limited. He is also a director and the chief executive officer of CITIC International Assets Management Limited and a director and the chief executive officer of CITIC International Financial Holdings Limited. Mr. Lo will sign an appointment letter with the company. His term of appointment as a non-executive director is for a fixed term of two years from 22 November 2018 to 21 November 2020. The company also announced that Mr. Wong Kwok Yiu will resign as a non-executive director of the company with effect from 25 November 2018 due to other business engagement.