Thunder Power Holdings Appoints New CEO and Directors

Ticker: AIEV · Form: 8-K · Filed: Sep 16, 2024 · CIK: 1912582

Thunder Power Holdings, INC. 8-K Filing Summary
FieldDetail
CompanyThunder Power Holdings, INC. (AIEV)
Form Type8-K
Filed DateSep 16, 2024
Risk Levelmedium
Pages3
Reading Time3 min
Key Dollar Amounts$0.0001
Sentimentneutral

Sentiment: neutral

Topics: leadership-change, board-of-directors, executive-appointment

TL;DR

New CEO Jiannong Liu at Thunder Power Holdings, board shakeup effective Sept 11.

AI Summary

Thunder Power Holdings, Inc. announced on September 11, 2024, changes in its board of directors and executive compensation. Specifically, the company elected two new directors, Mr. Jiannong Liu and Mr. Jianjun Li, and appointed Mr. Jiannong Liu as the Chief Executive Officer. These changes are effective immediately.

Why It Matters

The appointment of a new CEO and directors often signals a strategic shift or a response to performance issues, which could impact the company's future direction and investor confidence.

Risk Assessment

Risk Level: medium — Changes in leadership and board composition can indicate underlying issues or strategic pivots, introducing uncertainty.

Key Players & Entities

FAQ

Who are the newly elected directors of Thunder Power Holdings, Inc.?

The newly elected directors are Mr. Jiannong Liu and Mr. Jianjun Li.

What is the effective date of the reported changes?

The changes are effective as of September 11, 2024.

Who has been appointed as the new Chief Executive Officer?

Mr. Jiannong Liu has been appointed as the new Chief Executive Officer.

What is the company's state of incorporation?

The company is incorporated in Delaware.

What is the principal executive office address?

The principal executive office is located at 221 W 9th St #848, Wilmington, Delaware 19801.

Filing Stats: 872 words · 3 min read · ~3 pages · Grade level 10.2 · Accepted 2024-09-16 16:20:09

Key Financial Figures

Filing Documents

02 Departure of Directors or Certain Officers; Election of

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officer Thunder Power Holdings, Inc. (the "Company") announced the following changes to its management team and Board of Directors: 1. Resignation of Chief Financial Officer and Director: Effective September 16, 2024, Ms. Yuanmei Ma will resign from her positions as Chief Financial Officer and member of the Board of Directors of the Company. Ms. Ma's resignation is not related to any disagreement with the Company's management or directors on any matter relating to the Company's operations, policies, or practices. 2. Appointment of Interim Chief Financial Officer: The Company's Board of Directors has appointed Mr. Pok Man Ho as Interim Chief Financial Officer, effective September 16, 2024. Mr. Ho, age 38, will serve in this capacity until a permanent Chief Financial Officer is appointed. Mr. Ho is a Certified Public Accountant with experience in taxation, finance, human resources, and corporate governance. Since 2015, Mr. Ho has worked at Thunder Power Group in corporate finance, financial planning and analysis, and corporate governance. He was a Director at Thunder Power Holdings Limited prior to its merger. From 2012 to 2015, Mr. Ho held regional roles in the insurance and luxury retail sectors. He worked at Generali Group and Gucci, focusing on taxation and human resources cost analysis. Mr. Ho began his career at KPMG in 2009, where he specialized in taxation for three years. Mr. Ho holds a degree in Accounting and Finance from Monash University in Australia. 3. Appointment of New Director: Effective September 16, 2024, the Board of Directors has appointed Mr. Christopher Nicoll as a member of the Company's Board of Directors. Mr. Nicoll is currently serving as the Chief Executive Officer of the Company, a position he has held since the Company's Public Listing. His full biography can be found in the Company's

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Thunder Power Holdings, Inc. Dated: September 16, 2024 By: /s/ Pok Man Ho Name: Pok Man Ho Title: Interim Chief Financial Officer 2

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