JAC Motors overhauls fund management, appoints new leadership team

Anhui Jianghuai Automobile Group Corp. (JAC Motors) has updated its "Measures for the Management of Raised Funds" to enhance oversight and ensure transparent use of capital, in compliance with regulatory standards. This revision, approved on November 18, 2025, emphasizes strict control over the allocation and utilization of raised funds, prohibiting misuse and ensuring alignment with strategic investments.

Concurrently, the company announced key leadership appointments during its Ninth Board of Directors' First Meeting. Xiang Xingchu was elected chairman, and Li Ming was appointed general manager. Additionally, Zhang Peng, Luo Secheng, Li Weihua, and Chen Jiming were named deputy general managers. Zhao Ninggang will serve as board secretary, and Zhang Lijun as chief financial officer. Wang Lihua and Wang Huan were appointed securities affairs representatives.

The board also approved several other revised governance documents, including internal controls for information disclosure, related party transactions, and investor relations, reinforcing JAC Motors' commitment to robust corporate governance.