Aotecar New Energy announces share repurchase, new board leadership

Aotecar New Energy Technology (SZSE:002239) is proceeding with the repurchase and cancellation of 3,997,028 restricted shares, following approvals from its board on November 11, 2025, and an extraordinary general meeting on December 9, 2025. This action, prompted by the partial achievement of conditions for the first period of the 2024 restricted stock incentive plan and the departure of some incentive participants, will reduce the company’s registered capital by 3,997,028 yuan. Creditors have been notified to declare any claims within 30 days of receiving notice, or within 45 days of the announcement's disclosure, by January 23, 2026.

Concurrently, Aotecar New Energy completed its board refresh, with a new Seventh Board of Directors elected on December 9, 2025. The new board comprises five non-independent and three independent directors, along with one employee representative director. Wang Zhenkun has been elected chairman, and key committees such as the audit, nomination, remuneration and assessment, and strategy and development committees have been appointed.

Furthermore, the company has appointed new senior management, with Zhu Guang as general manager, Zhou Jianguo, Tian Shichao, and He Bin as deputy general managers, Shen Jun as deputy general manager and chief financial officer, and Dou Haitao as board secretary. The new senior management team will serve for three years, aligning with the Seventh Board's term.