Ankai Automobile announces director resignation, corporate governance changes

Anhui Ankai Automobile announced the resignation of Mr. Li Weihua, a director and member of the audit and strategy committees, due to work adjustments. Mr. Li will no longer hold any positions within the company. In response, the board nominated Mr. Qian Cun'gen as a non-independent director candidate, subject to shareholder approval. The company asserts that Mr. Li's departure will not impact the board's normal operations as minimum quorum requirements are met.

Further corporate governance reforms include the proposed elimination of the supervisory board and the transfer of its responsibilities to the board's audit committee. This will necessitate revisions to the company's articles of association and other related governance policies, aimed at streamlining management processes and enhancing governance effectiveness. These changes, along with the appointment of Mr. Qian and the re-appointment of Tianjian Certified Public Accountants as the company's auditors for 2025, will be deliberated at an extraordinary general meeting on October 24, 2025. The audit fee for 2025 is expected to remain at 700,000 yuan.