JAC Motors overhauls governance, elects new chairman and general manager

Anhui Jianghuai Automobile Group Corp. (JAC Motors) held its first extraordinary general meeting of shareholders on November 18, 2025, where key resolutions were approved. Shareholders passed motions to elect new independent and non-independent directors for the ninth board. The proposal to cancel the supervisory board and amend the company's articles of association was approved with 98.4156% of votes, signifying a major governance overhaul. Other approved amendments included changes to the rules of procedure for the general meeting and the board of directors, as well as the independent directors' work system.

Concurrently, the company's ninth board of directors convened its first meeting, electing Xiang Xingchu as the new chairman. The board also appointed Li Ming as general manager, along with Zhang Peng, Luo Shicheng, Li Weihua, and Chen Jiming as deputy general managers. Zhao Ninggang was appointed board secretary, and Zhang Lijun as chief financial officer. Additionally, Wang Lihua and Wang Huan were appointed as securities affairs representatives.

The board also passed resolutions to formulate and revise several corporate governance policies, including those related to the management of departing directors and senior executives, raised funds management, and information disclosure, among others. These changes reflect JAC Motors' commitment to enhancing corporate governance and operational efficiency.