On October 18, 2018, Highpower International, Inc. filled definitive proxy statement stating that on June 25, 2018, the board formed a special committee, consisting of Ping (David) Li, as chairman, and T. Joseph Fisher, III, to consider a preliminary non-binding ‘going private’ proposal from Dang Yu (George) Pan. The Company stated that neither the board nor the special committee has made any decision with respect to the Company’s response to the proposal and the Company does not undertake any obligation to provide any updates with respect to this or any other transaction, except as required under applicable law.