CEO Yunfei Li resigns for retirement; Zhiguang Hu named CEO effective Oct 24, 2024

CBAK Energy Technology, Inc.

Yunfei Li resigned as CEO and President effective Oct 24, 2024, for personal reasons and planned retirement.
Board appointed Zhiguang Hu, a 20-year company veteran, as CEO and President effective same date.
Hu previously served as Deputy General Manager of Sales and Marketing since June 2023.
Hu's annual salary set at RMB308,230.33 (approx. $43,301.72); no family ties or reportable transactions.
Resignation not due to any disagreement with the Company's operations or policies.

item 5.02

Executive movements

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Departed

Yunfei Li

Chief Executive Officer and President

CBAT · CBAK Energy Technology, Inc.

Effective: 2024-10-24
Successor: Zhiguang Hu
Filed: October 25, 2024, 7:59 PM ET

On and effective October 24, 2024, Mr. Yunfei Li resigned as Chief Executive Officer and President of the Company.

Appointed

Zhiguang Hu

Chief Executive Officer and President

CBAT · CBAK Energy Technology, Inc.

Effective: 2024-10-24
Filed: October 25, 2024, 7:59 PM ET

On the same date, the Board of Directors of the Company appointed Mr. Zhiguang Hu as Chief Executive Officer and President of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Yunfei Li resigned as Chief Executive Officer and President at CBAK Energy Technology, Inc..

Action: resigned
Role: Chief Executive Officer and President

Exact text from the filing

On and effective October 24, 2024, Mr. Yunfei Li resigned as Chief Executive Officer and President of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Zhiguang Hu was appointed as Chief Executive Officer and President at CBAK Energy Technology, Inc..

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

On the same date, the Board of Directors of the Company appointed Mr. Zhiguang Hu as Chief Executive Officer and President of the Company.

View on SEC.gov

CBAK Energy Technology, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-090806

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