China Trustful Group Limited announced that the Silverware Business has been suspended as the Records and Documents were seized by the Public Security of China. According to the Company's understanding the relevant investigation by the Public Security is still ongoing. Electric Vehicle Business: Based on the information available to the New Board, the PRC subsidiaries operating the Electric Vehicle Business have suspended their operation due to the investigation by the Public Security, the Land Disposal and departure of most of the officers and employees. The New Board is still in the process of making enquiries with the Public Security regarding the investigation, identifying former staff and gathering information and documents in order to take control of the PRC subsidiaries. Despite the aforesaid, the New Board is determined to continue to engage in the Electric Vehicle Business. The Company considers that the prospects of electric vehicles in the PRC is promising in view of favourable government policies and growing market demands. The Group will focus on the supply chains in the production of electric vehicles including but not limited to manufacturing and supply of electric vehicle components and parts.