The board of directors of Zheng Li Holdings Limited announced that (i) Mr. Chen Feng has been appointed as the Group Strategy Director and an executive Director; and (ii) Mr. Zhang Guangdong has been appointed as an independent non-executive Director and a member of each of audit committee, nomination committee and remuneration committee of the Company, all with effect from 27 June 2018. Mr. Chen has served in several senior management positions in various multinational companies for over 20 years. He has extensive experiences in new energy vehicle industry, which includes electric vehicles, plug-in hybrids and fuel-cell cars.