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Zhejiang Leapmotor Announces Board Change and Articles Amendment

Story Highlights
  • Zhejiang Leapmotor proposes replacing Mr. Douglas Ostermann with Mr. Davide Mele as a non-executive director.
  • The company plans to amend its Articles of Association following an increase in registered capital.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Zhejiang Leapmotor Announces Board Change and Articles Amendment

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An announcement from Zhejiang Leapmotor Technology Co., Ltd. Class H ( (HK:9863) ) is now available.

Zhejiang Leapmotor Technology Co., Ltd. has announced a proposed change in its board of directors, with Stellantis nominating Mr. Davide Mele to replace Mr. Douglas Ostermann as a non-executive director. This change is subject to shareholder approval and reflects Stellantis’ influence as a shareholder. Additionally, the company plans to amend its Articles of Association following an increase in registered capital due to the exercise of options under its pre-IPO share option scheme, aligning with recent regulatory updates in China.

The most recent analyst rating on (HK:9863) stock is a Hold with a HK$57.00 price target. To see the full list of analyst forecasts on Zhejiang Leapmotor Technology Co., Ltd. Class H stock, see the HK:9863 Stock Forecast page.

More about Zhejiang Leapmotor Technology Co., Ltd. Class H

Zhejiang Leapmotor Technology Co., Ltd. is a company incorporated in the People’s Republic of China, operating in the automotive industry. It focuses on the development and production of electric vehicles, aiming to capture a significant share of the growing market for sustainable transportation solutions.

Average Trading Volume: 7,464,734

Technical Sentiment Signal: Buy

Current Market Cap: HK$78.91B

For detailed information about 9863 stock, go to TipRanks’ Stock Analysis page.

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