Hybrid Kinetic Group Limited announced that Mr. Xu Jianguo, who is currently an executive Director, has been appointed to serve as the chief executive officer of the Group with effect from 3 February 2016; and Dr. Wang Chuantao, who is currently an executive Director and the chief executive officer of the Group, will be re-designated from his role as chief executive officer to and appointed as deputy chairman of the Group with effect from 3 February 2016. Mr. XU Jianguo has been an executive Director since 17 June 2010. Mr. Xu has 20 years' experience in the field of mechanical engineering and automotive industries.

He was one of the key experts who developed Chinese Computer aided engineering industry in 1990's. Mr. Xu has extensive experience in product development, engineering management, product planning, purchasing and supplier management. Mr. Xu was involved in multiple projects for certain well-known auto makers in Asia and Europe and has extensive expertise in automotive development procedure. Mr. Xu has in-depth understanding in the global automotive industry, in particular the Chinese automotive industry.