China’s prominent online automotive platform, Autohome Inc., has initiated a comprehensive overhaul of its senior leadership team. The company confirmed a series of key appointments and resignations across its board and management, effective immediately. These changes are expected to significantly influence the company’s future strategic direction.
In a move that underscores confidence in its intrinsic value, Autohome has also announced the extension of its substantial share repurchase initiative. The program, originally approved in September 2024, has been prolonged through December 31, 2025. It authorizes the company to buy back American Depositary Shares (ADS) with a total value of up to $200 million. By August 2025, the company had already repurchased approximately 5.42 million ADSs for about $144 million. Such aggressive capital return activity often reflects management’s belief that the shares are undervalued and demonstrates a commitment to enhancing shareholder returns, particularly during periods of market volatility.
A Renewed Board of Directors
The company confirmed the resignation of several directors, including Mr. Song Yang, Ms. Keke Ding, and Dr. Fan Lu. Notably, Song Yang will transition into a new role as Senior Vice President of the company. The board has been reconstituted with the following appointments:
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- Mr. Chi Liu was appointed as Chairman of the board. He will also chair the Nomination and the Remuneration Committees.
- Mr. Haishan Liang and Ms. Cuimei Zhang were appointed as new directors.
- Mr. Shenglei Zhou was named a director and a member of the Nomination Committee.
- Mr. Xing Fang was appointed a director and will serve on the Remuneration Committee.
The board expressed strong conviction that the new appointees’ qualifications and extensive experience will serve the company’s best interests.
Strengthening Governance with New Compliance Focus
Aligning with the leadership transition, Autohome has established a new Compliance Management Committee. This body is tasked with assisting the board in designing, supervising, and reviewing the company’s compliance and risk management frameworks. Furthermore, it will monitor the implementation of policies concerning significant non-financial risks.
The creation of a dedicated committee highlights an intensified focus on regulatory adherence and proactive risk mitigation. This enhanced governance structure is a positive signal to investors, indicating a robust approach to navigating complex regulatory landscapes and safeguarding corporate integrity.
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