FDG Electric Vehicles Limited announced that with effect from 29 May 2020, Mr. Cao Zhong has ceased to be the chairman and a member of the nomination committee of the company and a member of each of the remuneration committee and the risk committee of the company and Mr. Lo Wing Yat has been appointed as the chairman and a member of the nomination committee of the company and a member of each of the remuneration committee and the risk committee of the company.