The board of directors of CIAM Group Limited announced that the board has approved the appointment of Dr. Chen Yanping as a Non-executive Director with effect from July 7, 2015. Dr. Chen is currently an executive director and chief operating officer of FDG Electric Vehicles Limited. Mr. Miao Zhenguo was appointed as a Non-executive Director on March 9, 2015.

The board has approved the re-designation of Mr. Miao from a Non-executive Director to an Executive Director with effect from July 7, 2015. Mr. Miao Zhenguo is the Deputy Chairman and an executive director of FDG. The board has also approved the appointment of Mr. Cao as a member of the Nomination Committee in which Mr. Dou Jianzhong has been appointed as the Chairman with effect from July 7, 2015.

The board has further approved the appointment of Mr. Cao as a member of Remuneration Committee with effect from July 7, 2015.