Geely Automobile Holdings Limited (GEELY AUTO) has announced a comprehensive leadership transition plan, all effective from 18 August 2026, as part of its long-term succession strategy.

Resignation and Honorary Appointment • Founder and current Chairman Li Shu Fu will step down as chairman and executive director to concentrate on other business commitments. • In recognition of his contributions, Li will assume the honorary, non-governing title of “Honorary Chairman for Life.” • Li remains the Company’s controlling shareholder and stated he has no present intention to reduce his equity stake.

Board Realignment • Executive Director An Cong Hui will become Chairman of the Board, a move the Board describes as an “orderly succession” aligned with previously disclosed plans. His deep operational experience within the controlling shareholder group is expected to strengthen strategic collaboration.

Changes in Vice-Chairmanship • Daniel Li Dong Hui will relinquish the role of Vice Chairman but will continue as an executive director. • Current Chief Executive Officer Gui Sheng Yue will transition to Vice Chairman, enhancing Board–management coordination.

Chief Executive Officer Transition • With Gui moving to Vice Chairman, Executive Director Gan Jia Yue has been appointed Chief Executive Officer. The Board cited Gan’s extensive management background and industry expertise as pivotal for steering the Group’s long-term objectives.

Corporate Governance and Oversight The Board, including independent non-executive directors, will continue to monitor and manage potential conflicts of interest arising from directors’ roles within the controlling shareholder group, ensuring adherence to Hong Kong Listing Rules and internal control protocols.

Acknowledgements The Board expressed its appreciation to Li Shu Fu for his leadership and to Daniel Li and Gui Sheng Yue for their service in their respective outgoing roles, while welcoming the incoming leadership team tasked with guiding GEELY AUTO’s next phase of growth.