Geely Automobile Holdings Limited announced the appointment of Mr. Gan Jia Yue as an executive director of the Company with effect from 25 July 2022. The biographical details of Mr. Gan are set out below: Mr. Gan Jia Yue, aged 41, has been appointed as chief executive officer of Geely Automobile Group Company Limited ("Geely Automobile Group") (a company incorporated in the PRC and is ultimately owned by Mr. Li Shu Fu, a substantial shareholder of the Company and his associate) since 23 March 2021. He is currently responsible for the operation management of Geely Automobile Group.
Mr. Gan joined Zhejiang Geely Holding Group Company Limited in February 2003. He has previously served as member of the management committee, senior director of management and head of group finance department of Geely Automobile Group, and has been the vice president of Geely Automobile Group since 11 June 2020 and was responsible for the procurement duties of Geely Automobile Group. As a core member of the product strategy committee, the investment committee, the procurement committee and the quality committee of Geely Automobile Group, Mr. Gan participated in critical strategic and business decisions, and made extraordinary contribution in enhancing finance management, operation optimisation, organizational transformation and supplier chain construction of Geely Automobile Group.
Mr. Gan also serves as director of certain subsidiaries of the Group. Mr. Gan has extensive financial knowledge and practical experience in corporate governance. Mr. Gan graduated from Zhengzhou University of Aeronautics with a Bachelor's Degree in Management in 2003.
Mr. Gan has entered into a service agreement with the Company under which he will act as an executive director of the Company for a period of 3 years (subject to retirement by rotation at the annual general meeting of the Company in accordance with the Company's articles of association) commencing on 25 July 2022, unless and until terminated by either party giving to the other not less than 3 months' notice in writing. Pursuant to such service agreement, Mr. Gan will receive from the Company an annual director's fee of HKD 10,000, which was determined with reference to the Company's remuneration policy and is subject to review by the remuneration committee of the Board from time to time.