GEELY AUTO (00175.HK): Li Shufu resigns as Chairman and appointed Lifetime Honorary Chairman, An Conghui succeeds as Chairman, effective 18 August

NewTimeSpace News: On 17 August 2026, Geely Automobile Holdings Limited (stock code: 00175) announced changes to its management structure, effective 18 August 2026, in line with the implementation of the Company's long-term succession planning. Mr. Li Shufu has resigned as Chairman of the Board and Executive Director to devote more time to his other businesses, and has been appointed Lifetime Honorary Chairman of the Company; the Lifetime Honorary Chairmanship is an honorary title and does not form part of the Company's corporate governance structure. Mr. Li will remain a major and controlling shareholder after his resignation and has confirmed that there is no disagreement with the Board and no matter in respect of his resignation that needs to be brought to the attention of shareholders.

According to the announcement, Executive Director Mr. An Conghui has been appointed Chairman of the Board, which the Board considers an orderly succession arrangement consistent with the long-term succession planning disclosed in the announcement of 5 June 2026; Mr. Li Donghui has resigned as Vice Chairman and will remain an Executive Director; Chief Executive Officer Mr. Gui Shengyue has been appointed Vice Chairman and resigned as CEO, remaining an Executive Director; and Executive Director Mr. Gan Jiayue has been appointed Chief Executive Officer. The leadership adjustment aims to further improve the authorized management mechanism for professional managers, optimize the corporate governance structure, and enhance strategic synergy with the controlling shareholder.

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