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Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

Li Shufu, founder of Geely Automobile, stepped down again.

On March 5, Geely Automobile responded to the surging news on Li Shufu's withdrawal from the director of Geely Automobile Group Co., Ltd. (hereinafter referred to as "Geely Automobile Group"), saying, "This change of industrial and commercial information is an adjustment based on the optimization of the company's governance structure to better match the company's business development needs in the future." After the change, the company's operation and shareholding structure have not changed, and Li Shufu is still the actual controller of Geely. ”

On March 4, Tianyan checked that Li Shufu resigned as a director of Geely Automobile Group. Geely Automobile Group was established in 2018 with a registered capital of 900 million yuan. Its legal representative is Gan Jiayue, and the current chairman is An Conghui, wholly owned by Zhejiang Geely Holding Group Co., Ltd. (hereinafter referred to as "Geely Holding Group"). The majority shareholder of Zhejiang Geely Holding Group is Li Shufu.

Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

Geely Automobile Group is the main business entity of the Geely Automobile brand.

According to the official website of Geely Holding Group, Geely Automobile Group is an automobile group integrating the design, research and development, production, sales and service of complete vehicles, powertrains and key components of Geely Holding Group, with more than 70,000 employees and modern vehicle and powertrain manufacturing plants in China, Belarus and Malaysia. It has Geely Automobile, Geometric Automobile, Lynk & Co Automobile and other brands.

He has recently stepped down from a number of directors

On February 24, Tianyan checked that Zhejiang Geely Automobile Co., Ltd. had undergone a number of industrial and commercial changes, and Li Shufu had withdrawn from his directorship; the company's legal representative had been changed from An Conghui to GanJiayue; the original shareholder, Zhejiang Geely Holding Group Co., Ltd., had withdrawn, and a new shareholder, Geely Automobile Group Co., Ltd. had been added.

According to Tianyancha, Zhejiang Geely Automobile Co., Ltd. is located in Beilun Wharf, Ningbo Port, which is the largest production capacity in the manufacturing base of Geely Holding Group, and is one of the leading automobile and parts manufacturing enterprises supported by Ningbo City. The business scope of Zhejiang Geely Automobile Co., Ltd. includes the manufacture and sales of automobiles (including Geely Meiri cars, Geely Meiri series buses, multi-purpose passenger cars) and their engines, motor vehicle maintenance, and the manufacture and sales of auto parts.

Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

In December last year, Li Shufucai stepped down as chairman of Geely New Energy Commercial Vehicle Group Co., Ltd. (hereinafter referred to as "Geely Commercial Vehicle Group"). According to Tianyan, Geely Commercial Vehicle Group was established on February 1, 2016, with a registered capital of 500 million yuan. Wholly owned by Geely Holding Group.

According to the official website, Geely Commercial Vehicle Group is headquartered in Hangzhou, responsible for the overall organization and group management and operation of commercial vehicle product technology research and development, production procurement and market business, and has sub-brands such as remote automobile, Hanma Technology, and Ouling Motors.

Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

In January 2021, geely technology group co., LTD. (hereinafter referred to as "geely technology group") underwent industrial and commercial changes, and Li Shufu withdrew from the legal representative and was replaced by Xu Zhihao. According to Tianyan, Geely Technology Group Co., Ltd. was established in May 1996 with a registered capital of 168 million yuan, and Li Shufu is the controlling shareholder of Geely Technology Group.

According to the official website, Geely Technology Group is a large-scale industrial group oriented by scientific and technological innovation to invest and operate two-wheel drive. Its subsidiaries include mining group Geely Baikuang, energy company Juneng Interconnection Technology, power exchange operator Yiyi Internet Technology, and aircraft company Wofei Long Sky.

Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

Entered the mobile phone, private placement

At the same time as "exiting", Li Shufu's investment territory in other fields is also expanding.

In September 2021, Hubei Xingji Times Technology Co., Ltd. (hereinafter referred to as "Xingji Times"), a subsidiary of Geely, announced its official entry into the mobile phone field. Its project headquarters is located in Wuhan Economic and Technological Development Zone, positioning high-end smart phones, integrating global technology and resources, and serving the global market.

According to Tianyan, the business scope of Xingji Times includes the second type of value-added telecommunications business, technology import and export, Internet game services, etc., the legal representative is Wang Yong, the major shareholder is Geely Group, holding 32.3% of the shares, and the actual controller is still Li Shufu.

Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

Not only cross-border mobile phones, Li Shufu also invested in private equity.

On January 24, Tianyan checked that Wuhan Zhongqing Private Equity Fund Management Co., Ltd. underwent industrial and commercial changes, and the new shareholders Li Shufu, Li Xingxing and Li Donghui held 10.018%, 19.976% and 10.018% of the shares respectively.

At the same time, the registered capital of Wuhan Zhongqing Private Equity Fund increased from 10 million yuan to 16.67 million yuan, and the legal representative was changed from Yu Keqiang to Feng Qingfeng. According to the information of Tianyancha, Feng Qingfeng has been working in Geely for many years, successively serving as the chief technology officer of Geely Automobile Group and the CEO of Lotus Group.

Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

On January 19, Geely (Tianjin) Private Equity Fund Management Co., Ltd. was established with a registered capital of 100 million yuan, the business scope is to engage in equity investment, investment management, asset management and other activities with private equity funds, and its shareholder is Zhejiang Geely Production and Investment Holdings Co., Ltd.

Most of the senior management team of Geely (Tianjin) Private Equity Co., Ltd. also comes from Geely Group, and the chairman is Li Donghui, CEO of Geely Holding Group and executive director of Volvo Cars, Zhang Quan, CFO of Geely Holding Group, is a director, and Chen Yimin, vice president of Geely Holding Group, is a supervisor.

Geely responded to Li Shufu's withdrawal from the director of Geely Automobile Group: business needs, still the actual controller

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