sidiaries. The Board will work with the Company’s management to update the holders of its common shares on the expected record and payment dates for the Dividend as soon as practicable.

As previously disclosed, a recent court order from the Privy Council (the “Order”) ruled, among other things, that the slate of nominees proposed by a group of shareholders at the Company’s Annual General Meeting held on February 6, 2018, was rightfully elected to the board of directors of SINOVAC at that meeting and has been the legitimate board of directors of the Company since then. To implement the Order and fulfill their fiduciary duties to the Company, the current members of the Board are assessing certain corporate actions taken by the former board of directors of the Company after they ceded office. One such corporate action being assessed is the issuance of the 11,800,000 common shares purportedly issued pursuant to a certain securities purchase agreement with
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