Ankai Automobile board approves strategic plans, equity transfer

Anhui Ankai Automobile Co., Ltd. announced resolutions from the eleventh meeting of its ninth board of directors, held on December 18, 2025. Chaired by Mr. Huang Liping, the meeting resulted in the unanimous approval of six key proposals by all nine participating directors.

Significant decisions included the approval of revisions to the "Anhui Ankai Automobile Co., Ltd. General Manager Office Meeting Rules" and the "2026 Annual Fixed Asset Investment Plan." Both resolutions received full support. The board also unanimously approved the public listing and transfer of a 40% equity stake in its associate company, Anhui Kaixiang Seats Co., Ltd.

Furthermore, the board approved the appointment of Mr. Yao Shaoguang as the company's securities affairs representative, effective immediately until the end of the ninth board of directors' term. The meeting also saw the unanimous approval of the "Anhui Ankai Automobile Co., Ltd. Information Disclosure Suspension and Exemption Management System" and the "Anhui Ankai Automobile Co., Ltd. 15th Five-Year Plan."