Li Shufu Steps Down as Chairman of GEELY Auto Board, An Conghui Takes Over

GEELY Auto Holding Limited (0175.HK) officially announced a major management reshuffle on August 18, 2026: Founder Mr. Shufu has stepped down from his roles as Chairman of the Board and Executive Director, marking a new phase in GEELY Auto's professional manager governance system.

Per the announcement, Mr. Li Shufu has been appointed Lifetime Honorary Chairman of GEELY Auto Holding Limited to recognize his long-standing, outstanding contributions. He remains the company's largest and controlling shareholder, continuing to support its strategic development; he also retains his role as Chairman of Zhejiang GEELY Holding Group, overseeing major group-level matters. This transition is explicitly described as being "in line with corporate governance requirements and executive talent pipeline planning," aiming to further refine the professional managers' delegated management mechanism and ensure the enterprise's sustainable, healthy growth.

Mr. An Conghui assumes the role of Chairman of the Board, becoming the core leader of GEELY Auto's new board. The announcement highlights that, leveraging his extensive industry experience and deep understanding of the company's strategy and operations, he will focus on strengthening internal synergies and deepening strategic collaboration with the controlling shareholder, steadily advancing the integrated development path of "One GEELY."

Other key appointments were announced concurrently: Mr. Gan Jiayue has been named Chief Operating Officer (COO), assuming full responsibility for day-to-day operations; Mr. Gui Shengyue transitions from COO to Deputy Chairman of the Board and Executive Director to enhance communication efficiency between the board and management; and Mr. Li Donghui steps down as Deputy Chairman of the Board while retaining his position as Executive Director.

At the 2026 interim earnings briefing, Li Shufu remarked: "The automotive industry is a marathon with no finish line — enterprise succession and value orientation determine sustainable development capability, and people are the core of cultural inheritance and value implementation." He emphasized that GEELY leads by example in implementing governance standards, actively cultivates professionalized talent, and builds specialized teams to ensure transparent, efficient operation across the three-tier governance structure — Shareholders' Meeting, Board of Directors, and Management Team. On An Conghui's appointment, Li Shufu stated: "I am fully confident in GEELY Auto's performance under An Conghui's leadership as Chairman of the Board."