China Evergrande New Energy Vehicle Group Limited (EVERG VEHICLE) announced that Mr Siu Shawn resigned as executive director and chairman of the board, effective 9 June 2026. His departure also ends his roles as chairman of the nomination committee and member of both the remuneration and corporate governance committees.

The resignation, initiated “upon the recommendation of the majority shareholder,” leaves the board temporarily out of compliance with Hong Kong Listing Rule 3.27A, which requires the nomination committee to be chaired by the board chair or an independent non-executive director. The company is seeking suitable candidates to fill the vacancies—board chair, executive director, and committee memberships—within three months of Mr Siu’s exit and will issue further announcements in line with Listing Rules.

Board composition now consists of one executive director, Mr Choi Wai Hong Clifford, and two independent non-executive directors, Mr Xie Wu and Mr Vincent Gar-Gene Leung.

Trading in EVERG VEHICLE shares has been suspended since 9:00 a.m. on 1 April 2025, pending publication of outstanding financial results and fulfilment of resumption guidance detailed in announcements dated 17 April 2025 and 7 August 2025. The suspension remains in place, and stakeholders are advised to exercise caution when dealing in the company’s securities.