(Hong Kong, 21 January, 2021) – China Dynamics (Holdings) Limited (the “Company”; Stock Code: 476), together with its subsidiaries, collectively “China Dynamics” or the “Group”), a provider of new energy vehicles and technology integrated solutions, has received notice from highly-reputable e-mobility industry pioneers from Europe and Asia, that they collectively bought over 6% of the Company’s total issued shares to support the acceleration of its internationalization strategy.
Mr.
Miguel Valldecabres Polop, CEO of China Dynamics,
said, “The Group recently tapped into the Southeast Asia market with the launch
of electric buses in the cities of Davao and Pasay in the Philippines. The shareholding
from the four international investors, namely Dato Sri Johan Young, Mr. Endika Aboitiz, Mr. Michael Perskche and Mr. Frank
Kanayet, serves as a powerful endorsement of China Dynamics’
internationalization strategies which address the growing need for public
transportation and which draw on our technological advantages in new energy
vehicles. In addition, it will strengthen our shareholder and capital base for
our long-term development.”
Malaysian Dato Sri Johann Young is a serial entrepreneur
in the technology and telecommunications sector. He has held various leading roles
within the Orange Telecommunications Group. He promotes Formula E in Malaysia
and also supports keenly “Green Malaysia”, as well as all kinds of electric
vehicle (“EV”) technologies.
A prominent member of the Aboitiz family, Mr. Endika
Aboiztiz has been instrumental in turning into a conglomerate the Aboitiz Group
in the Philippines. He believes firmly in EV technologies and he has supported
Global Electric Transport (“GET Philippines”) to become one of the leading electric
bus services providers through QEV Philippines across the country.
Mr. Michael Perschke served as CEO of Germany-based
electric car maker Automobili Pininfarina, and he has become head of Audi
India. He is among the Top 20 global leaders in the EV industry.
Frank Kanayet Yepes founded his own oil exploration company in Latin America. He owns an electromobility fund and he is the first investor in Rimac Automobili (Croatia).
From left to right: Dato Sri Johann Young, Mr. Endika Aboiztiz, Mr. Michael Perschke and Mr. Frank Kanayet YepesMr.
Cheung Ngan, Chairman of China Dynamics,
said, “We are very encouraged by
the strong interest from the international investment community. After the series
of launches in the Philippines, we will soon deliver 12-metre complete chassis
for electric buses in Latin America and logistics vehicles in Europe. We are
confident in continuing to capture more opportunities
arising from the environmental protection market that will further expand our
business in overseas markets with the support of the new investors.”