The board (the "Board") of directors of FDG Electric Vehicles Limited announced that a special committee (the "Special Committee") comprising all of the directors of the Company except Mr. Cao Zhong ("Mr. Cao", an executive director whose duties have been suspended by the Board since 10 March 2020) has been established on 5 June 2020 pursuant to a resolution of the Board passed on the same day. The Special Committee was empowered by the Board to exercise the powers, On 5 June 2020, the Board has resolved that Mr. Cao, Mr. Miao Zhenguo ("Mr. Miao") and Mr. Xu Weidong ("Mr. Xu"), all of whom being the legal representative and/or director and/or general manager of certain subsidiaries of the Company in the PRC, be removed from their respective directorships and positions in all of the subsidiaries of the Company in the PRC, including but not limited to Hangzhou Changjiang Automobile Co. Ltd., ("Hangzhou Changjiang"),(Hangzhou Changjiang Passenger Vehicles Co. Ltd.), and (Jasmin International Auto R&D (Beijing) Co., Ltd). As Hangzhou Changjiang is a material subsidiary of the Group and in order to strengthen the control and management, upon removal of Mr. Cao and Mr. Miao, the directors of Hangzhou Changjiang representing the Group will be Mr. Lo Wing Yat, Mr. Jaime Che and Dr. Chen Yanping, all being directors of the Company, and Dr. Chen Yanping will be the legal representative of Hangzhou Changjiang.