Geely Automobile management reshuffle: Li Shufu steps down as chairman, An Conghui takes over

ManagementCorporate Action

โดย 21世纪经济·

Summary · why it matters

Geely Automobile Holdings Limited announced a management reshuffle. Li Shufu resigned as chairman of the board and executive director with effect from 18 August 2026, and was appointed honorary chairman for life. An Conghui succeeded him as chairman of the board. The Hong Kong Exchanges and Clearing board approved a three-year contract renewal with chief executive Bonnie Chan, running from 1 March 2027 to 28 February 2030. Junzheng Co announced that the H-share offer price will not exceed HK$102.80 per share. The base offering size for the global offering is 31.2873 million shares, rising to a maximum of 35.9803 million shares if the over-allotment option is exercised in full. US President Donald Trump said he would not seek to extend the memorandum of understanding with Iran. The previously set 60-day negotiation window expired on 17 August, and US-Iran talks have stalled over issues including the Strait of Hormuz. Fudan Microelectronics plans to invest 17.5 million yuan in intangible assets to establish Zhuoyuan Hongxin. Shanghai Fudan's net profit for the first half of the financial year rose 338.58 percent year on year. Jihong Co's first-half net profit rose 33.52 percent year on year. Nanhua Futures' first-half net profit rose 67.91 percent year on year. Congyu Intelligent Agricultural plans to place up to 140 million shares to raise about HK$33.6 million.