As previously disclosed by Highpower International, Inc., on June 28, 2019, the Company entered into an Agreement and Plan of Merger with HPJ Parent Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands, HPJ Merger Sub Corp., a wholly owned subsidiary of Parent, providing for the merger of Merger Sub with and into the Company, with the Company surviving the Merger as a wholly-owned subsidiary of Parent. At the Effective Time and as contemplated by the terms of the Merger Agreement, each of Wen Liang Li, T. Joseph Fisher III, Ping Li and Jie Wang resigned as a director of the Company and Dang Yu Pan remained as a director of the Company. At such time, Hao Yi Yang and Ping Chen became directors of the Company. Also at the Effective Time, each of Dang Yu Pan, Shengbin (Sunny) Pan and Xing Qun (Leo) Liao remained as officers of the Company.