Management ChangeJul 16, 2026, 04:13 PM
U Power Appoints Bo Lyu as Independent Director; Von Pfetten Resigns
AI Summary
U Power Ltd announced the resignation of Jean Christophe Baron Von Pfetten as an independent director and from all board committees, effective June 30, 2026. His resignation was not due to any disagreements. To fill the vacancy, the Board appointed Bo Lyu as an independent director, effective July 1, 2026. Mr. Lyu will also serve on the audit, compensation, and nominating and corporate governance committees, bringing over 10 years of experience in corporate financing and public company management.
Key Highlights
- Jean Christophe Baron Von Pfetten resigned as an independent director, effective June 30, 2026.
- Mr. Von Pfetten also resigned from the audit, compensation, and nominating and corporate governance committees.
- His resignation was not due to any disagreement with the Company's operations, policies, or practices.
- Bo Lyu was appointed as an independent director, effective July 1, 2026.
- Mr. Lyu was also appointed to the audit, compensation, and nominating and corporate governance committees.
- Mr. Lyu has over 10 years of experience in corporate financing and public company management.
- The Board determined Mr. Lyu qualifies as an independent director under Nasdaq and SEC rules.
Price Impact
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