BAIC Motor Corporation Limited (Stock Code: 1958) has announced a reshuffle of its Board of Directors and a change in the role of President. Four directors, namely Mr. Hu Hanjun, Mr. Chen Hongliang, Mr. Song Wei, and Mr. Peng Jin, have stepped down from their respective positions on the Board and its committees, taking effect upon the approval of new appointments. In addition, Mr. Song Wei resigned as President on November 29, 2025.
The Company proposes appointing Mr. Gu Xin as a non-executive Director, who would also join the Strategy and Sustainability Committee and the Audit Committee, subject to Shareholders’ approval. Meanwhile, Mr. Chen Geng is proposed as an executive Director and a member of multiple committees, and Ms. Zhu Yan is proposed as an executive Director and a member of the Strategy and Sustainability Committee. Mr. Chen Geng has been named the new President, effective November 29, 2025.
All three proposed new Directors bring extensive experience in capital operations, corporate management, and financial management. BAIC Motor will submit the proposals for Shareholders’ consideration, and if approved, the Company plans to finalize service contracts for each appointment without additional remuneration for serving as Directors. Mr. Chen Geng will receive remuneration in his capacity as senior management.
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