Li Auto Shareholders Approve Director Re-Elections, Share Repurchase Mandate at AGM
Li Auto Inc. announced that all proposed resolutions at its annual general meeting were adopted, including the re-election of three directors and authorization for share issuance and repurchase.
- 2026
- 2015
- 2019
- 5900
What Happened
Li Auto Inc. held its annual general meeting on May 29, 2026, in Beijing. Shareholders approved all proposed resolutions, including amendments to the company's memorandum and articles of association and the re-election of directors Donghui Ma, Tie Li, and Hongqiang Zhao. Additionally, the board received mandates to issue additional Class A ordinary shares and to repurchase the company's own shares.
- Amend and restate memorandum and articles of association (seventh amended version)
- Re-elect Donghui Ma, Tie Li, and Hongqiang Zhao as directors
- Grant board general mandate to issue additional Class A ordinary shares
- Grant board general mandate to repurchase company's own shares
Why this matters
The approvals enable Li Auto to continue its current leadership and raise or buy back capital to support its new energy vehicle business.
Terms in This Story
- Extended-range electric vehicle (EREV)
- A type of electric vehicle that uses a gasoline engine to generate electricity to extend the driving range beyond what the battery alone can provide.
- Class A ordinary shares
- A class of common stock typically with one vote per share, often listed on stock exchanges for public trading.
- General mandate
- A broad authorization given by shareholders to a company's board to issue or repurchase shares without requiring further individual approvals for each transaction.
Summarised from the linked release; details can be imperfect — always verify against the original source.