Foton Motor senior personnel change: Lu Zhenghua nominated to succeed as director and general manager

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Data from China Inspection Network: Beijing Foton Motor Co., Ltd. announced on March 14, 2026, that there has been an important personnel adjustment at the senior management level. Based on the recommendation of the company’s controlling shareholder, Beijing Automotive Group Co., Ltd., the current Executive Vice President Lu Zhenghua has been nominated as the company’s new Director and General Manager. At the same time, the current Director and General Manager Wu Xibin will no longer hold these positions, and Lu Zhenghua will also step down from his role as Executive Vice President.

The core decision behind this personnel change is driven by the recommendation of the controlling shareholder, Beiqi Group. The announcement specifies the key timeline, indicating that relevant documents were received on March 14, 2026. The personnel change is still subject to necessary internal review procedures. Specifically, the appointment of Directors requires approval at the shareholders’ meeting, and the appointment of the General Manager must go through the relevant procedures of the Board of Directors.

This personnel adjustment directly affects the company’s core management team. As a listed company on the A-share market (stock code: 600166), Foton Motor’s executive change has attracted market attention. The announcement aims to promptly alert investors to potential management change risks and ensure timely and transparent disclosure of information. The company stated it will complete subsequent procedures as soon as possible in accordance with laws and regulations to ensure a smooth transition of corporate governance and the continuity of daily operations.