Shulou(Shulou.com)11/24 Report--

CTOnews.com April 24 news, Fuyao Group issued a statement today that there are rumors on the Internet, such as "Cao Dewang blasted Tesla for a salary increase" and "would rather donate than raise salary". These contents are completely fabricated and taken out of context in a way that provokes public sentiment, and malicious editing spreads, which seriously infringes upon the legitimate rights and interests of the company and chairman Mr. Cao Dewang, causing misleading harm to the public. Fuyao said that Mr. Cao Dewang has never made any remarks about Tesla's salary and that such content spread on various platforms is false information. For the self-media account and network platform that maliciously process and spread the above rumors, the company requires that the false content be removed immediately and reserves the right to pursue its legal liability.

The full contents of the Fuyao Group statement are attached to CTOnews.com as follows:

Solemnly declare

Recently, rumors such as "Cao Dewang blasted Tesla for raising his salary" and "would rather donate rather than raise his salary" appeared on the Internet. These contents were made up completely out of thin air, and were taken out of context in a way that provoked public sentiment, and were maliciously edited and spread. seriously infringe upon the legitimate rights and interests of our company and our chairman, Mr. Cao Dewang, and cause misleading harm to the public. Here, we solemnly declare as follows:

First, Mr. Cao Dewang has never made any remarks about Tesla's salary, and such content spread on various platforms is false information.

2. Mr. Cao Dewang has always been enthusiastic about charitable and public welfare undertakings, and his donations come from personal assets and have nothing to do with Fuyao Group; at the same time, as the actual controller of our company, his personal assets must remain independent from the company in accordance with the law and shall not be used for salary payment of listed companies in which he is controlled.

3. Since its inception, Fuyao Group has always attached great importance to the well-being of its employees and actively shared the fruits of development with its employees. Over the past decade, the average annual compound growth rate of per capita salary has been more than 7%.

Fourth, for the self-media account and network platform that maliciously process and spread the above rumors, we request that the false content be removed immediately and reserve the right to investigate its legal liability.

Thank the majority of netizens for the trust, care and support given to Mr. Cao Dewang and our company for a long time. We will work with the majority of netizens to maintain a clean and harmonious, civilized and healthy network environment.

Fuyao Glass Industry Group Co., Ltd.

April 24, 2023

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