AutoStreets Reappoints Zhao Hongliang as CEO for Three-Year Term
Company - People | May 28, 2025 | Aim Group
AutoStreets Development Ltd., a company based in China that specializes in the trading of used cars, has reappointed Zhao Hongliang as its executive director and CEO for another three years effective from May 28, 2025. Hongliang previously served as president of the company from October 2020 to March 2022 and was initially appointed as CEO in March 2022. With over 25 years in the automotive sector, Hongliang's role will be crucial as the company continues its operations. Holding an MBA from the University of Management Science and Technology and Fudan University, he brings substantial expertise to his position. Notably, he owns a significant stake through Hongrun Investment Development Limited, holding 7,504,800 shares of the company. Alongside his appointment, AutoStreets announced the resignation of Zhu Yi from the post of non-executive director, also effective from May 28, 2025. Zhao's remuneration is unique as it is not fixed by director fees but rather reviewed by the remuneration committee and determined by the board.
Sectors
- Automotive Industry
- Human Resources and Employment
Geography
- China – AutoStreets is a China-based company, making this geography relevant to the article.
Industry
- Automotive Industry – The article focuses on AutoStreets, which is involved in the trading of used cars, a key segment of the automotive industry.
- Human Resources and Employment – Discusses significant leadership appointments and resignations within AutoStreets, emphasizing human resources and employment changes.
Financials
- 7,504,800 – Number of AutoStreets shares Zhao Hongliang has an interest in through Hongrun Investment Development Limited.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AutoStreets Development Ltd. | Target Company | Company | A China-based provider of used car trading services, involved in the discussed executive changes. |
| Zhao Hongliang | CEO | Person | Reappointed as CEO and executive director of AutoStreets for a three-year term. |
| Zhu Yi | Non-Executive Director | Person | Resigned from the non-executive director position at AutoStreets. |
| Hongrun Investment Development Limited | Shareholder | Company | Holds 7,504,800 shares of AutoStreets, associated with Zhao Hongliang. |