GAC Group: Non-Executive Director Chen Xiaomu Resigns, Board Quorum Intact

Bulletin Express05-21 19:43

Guangzhou Automobile Group Co., Ltd. (GAC Group) announced that Mr. Chen Xiaomu has resigned as a non-executive director, effective 21 May 2026, due to work adjustments.

Mr. Chen will continue to serve as a member of the company’s Strategy Execution Committee. The resignation does not reduce the Board below the statutory minimum number of directors; therefore, normal Board operations remain unaffected.

A by-election to fill the vacant directorship will be held at the 2025 annual general meeting scheduled for 12 June 2026. Detailed information on the candidate and voting procedures is provided in the circular released concurrently with this announcement. The company will issue a further announcement in accordance with Rule 13.51 of the Hong Kong Listing Rules after shareholders approve the by-election.

The departing director confirmed that he has no disagreements with the Board, and no other matters require shareholder attention. The Board expressed its gratitude to Mr. Chen for his contributions during his tenure.

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