The board of directors of FDG Electric Vehicles Limited announced that Mr. Tong Zhiyuan has been appointed as the Chief Operating Officer of the Group and an executive director of the Company with effect from 15 February 2017. Mr. Tong, aged 54, has 30 years' experience in the automobile industry. Mr. Tong will enter into a service contract with the Company for a term of three years from 15 February 2017 to 14 February 2020. As the Chief Operating Officer of the Group, Mr. Tong acts as the head of electric vehicle division of the Group which includes the Hangzhou, Kunming and Guizhou production facilities, responsible for its daily operation and management, research and development, manufacture, distribution, sales and marketing. Dr. Chen Yanping has been re-designated as the Chief Technical Officer of the Company with effect from 15 February 2017. Dr. Chen will be primarily responsible for the technological strategic planning in connection to the electric vehicle and related industries of the Group and he will remain as an executive director of the Company. Mr. Xu Jingbin has been appointed as an independent non-executive director of the Company with effect from 15 February 2017. Mr. Xu, aged 66, is currently an independent director of China Gezhouba Group Company Limited and an independent director of Hainan Landao Environmental Protection Industry Co. Ltd. Mr. Xu will sign an appointment letter with the Company. His term of appointment is for a fixed term of two years from 15 February 2017 to 14 February 2019.