Zhejiang Founder Motor Co., Ltd. announced that at its Extraordinary General Meeting was held on October 31, 2014, the shareholders approved the appointment of Zhang Min, Cai Junbiao, Xiang Yongwang, Mou Jian and Weng Weiwen as non-independent directors. The company also approved the election of Ma Jun, Xu Yaming and Chen Xiqin as independent directors.