CBAK Energy Technology Inc. announced a change in its board of directors with the resignation of Mr. Yunfei Li as Chairman and member, effective May 20, 2025. Mr. Yunfei Li, who stepped down as CEO in October 2024, resigned due to personal reasons. The company's CFO, Mr. Jiewei Li, was elected as a new director, effective immediately. Mr. Jiewei Li's term will last until the 2025 Annual Meeting of Stockholders. The Board will continue without a designated Chairman for the time being.
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