Jiangsu Leili Motor announces shift in actual control after equity reallocation

Jiangsu Leili Motor Company Limited announced on October 23, 2025, that its controlling shareholder, Changzhou Leili Investment Group Co., Ltd., underwent an internal equity structure change. Mr. Su Jianguo transferred 36.81% of his Leili Investment equity to his son, Mr. Su Da, reducing his holding to 3.99% while Mr. Su Da's stake increased to 47.01%. Similarly, Mr. Hua Rongwei transferred 15.68% of his Leili Investment equity to his son, Mr. Hua Sheng, resulting in Mr. Hua Rongwei holding 23.52% and Mr. Hua Sheng holding 25.48%.

Despite these transfers, Leili Investment's direct shareholding in Jiangsu Leili remains unchanged at 36.33%, and it continues to be the controlling shareholder. However, the internal restructuring led to a shift in the actual control of Jiangsu Leili, transitioning from Mr. Su Jianguo to now include both Mr. Su Jianguo and Mr. Su Da.

The company stated this change does not affect the stability of operations, management, independence, or sustainability of Jiangsu Leili. Mr. Su Jianguo remains chairman, and Mr. Su Da continues as director and general manager, a role he assumed in September 2023. The adjustment is not expected to harm the interests of the company or its shareholders.