The board of FDG Electric Vehicles Limited (‘FDG EV’) announced that a special committee, comprising Mr. Lo Wing Yat (the chairman and a non-executive director of FDG EV), Mr. Jaime Che (the chief executive officer and an executive director of FDG EV), Dr. Chen Yanping (an executive director of FDG EV), Mr. Chan Yuk Tong, Mr. Fei Tai Hung and Mr. Tse Kam Fow (all independent non-executive directors of FDG EV), has been established on 17 April 2020 pursuant to a resolution of the FDG EV Board passed on the same day. The Special Committee was empowered by the FDG EV Board to exercise the powers, authorities and discretions and to carry out all actions considered necessary relating to the Sino Power Winding-up Petition as well as other consequokential court proceedings arising therefrom.