Geely Holding Group Chairman Li Shufu delivered a video address at the 2026 China Auto Chongqing Forum, held from June 12th to 13th.

Li Shufu outlined his perspective on corporate succession. He described it as the effective and complete transmission of a company's core values, management systems, and governance framework to the next generation of leaders and the entire management team. The goal is to ensure the enterprise maintains robust vitality, a healthy culture, efficient operations, and clear, stable strategies.

He further emphasized that in an increasingly complex and volatile world, companies must persistently retain their entrepreneurial spirit and passion for innovation. It is crucial to focus on building a solid foundation and honing internal capabilities. Firms should steadfastly pursue truth, respect science, and adhere to facts. They must operate with integrity, avoid deceitful practices, and uphold moral principles while respecting legal boundaries. Adherence to business norms and professional ethics is essential for contributing to the advancement of commercial civilization and enhancing the consumer experience.

Li Shufu concluded by stating, "This is my understanding of corporate succession."