EV Technology Group Announces Resignations

Rhea-AI Summary

EV Technology Group announces the resignation of all officers and directors, appoints new signatories. The press release highlights the forward-looking information and potential risks associated with business opportunities.

TORONTO--(BUSINESS WIRE)-- EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (OTCQB: EVTGF, NEO: EVTG, DE: B96A), announces the resignation of all officers including the Chief Executive Officer, the Chief Financial Officer, President and Corporate Secretary have resigned, and all directors have also resigned from the board of directors (the “Board”). Prior to its resignation, the Board appointed Mr. Kenny Choi and Mr. Ryan Ptolemy authorized signatories of the Company.

Forward-Looking Information

This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to: the resignation of director and officers; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of the Company’s exchange traded products by exchanges; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240328647408/en/

EV Technology Group

Kenny Choi

Authorized Signatory

kenny@evtgroup.com

416 861-2262

Source: EV Technology Group Ltd.

FAQ

Who resigned from EV Technology Group ?

All officers including the CEO, CFO, President, and Corporate Secretary, as well as all directors, resigned.

Who were appointed as signatories of the Company?

Mr. Kenny Choi and Mr. Ryan Ptolemy were appointed as authorized signatories.

What is mentioned in the forward-looking information in the press release?

The press release mentions the pursuit of business opportunities by the Company and its subsidiaries, along with potential risks and uncertainties.

What factors are highlighted as potential risks in the press release?

Potential risks include the acceptance of the Company's exchange traded products by exchanges, general business, economic, competitive, political, and social uncertainties.

What should readers consider regarding the forward-looking information?

Readers should not place undue reliance on the forward-looking information as actual results and future events could differ from anticipated outcomes.