Tesson Holdings Limited (the Company, stock code: 1201) announced that, with effect from 27 November 2025, two new executive Directors are joining the board, and one of them will serve as Chief Executive Officer (CEO). The Company also decided to adjust the remuneration of an existing executive Director, effective 1 December 2025.

According to the announcement, Mr. Li Jingquan (aged 45) has been appointed both as an executive Director and CEO. He holds academic qualifications in Mechanical Engineering, Automation, and Control Engineering, alongside extensive experience in strategic development, marketing, manufacturing, and asset management in the new energy vehicle industry. Mr. Li has entered into a three-year service agreement, with an annual director’s fee of HK$180,000 and salary of HK$1,020,000.

Additionally, Mr. Li Yang (aged 54) has been appointed as an executive Director for a three-year term under the same effective date. He has over two decades of experience in investment activities, business management, and has served in senior management roles at several listed companies. Under his service agreement, Mr. Li is entitled to an annual director’s fee of HK$180,000 and a basic salary of HK$1,020,000.

The Board meeting held on 27 November 2025 also approved a change in the salary of the Company’s executive Director and Chairman, Mr. Wei Mingren, from RMB222,000 per annum to HK$420,000 per annum, effective 1 December 2025. His director’s fee remains at HK$180,000 per annum. The Company stated that this adjustment is made to acknowledge past contributions and aligns with the prevailing market situation.