Summary by Moomoo AI
U Power Limited, a vehicle sourcing services provider aiming to become a comprehensive EV battery power solution provider in China, announced a change in its board of directors. Mr. Bo Lyu resigned as an independent director of the company on January 31, 2024. The following day, on February 1, 2024, the board appointed Jean Christophe von Pfetten, also known as Prof. Pfetten, as an independent director to fill the vacancy. Prof. Pfetten, who has no family ties with any current director or executive officer of U Power, also joined the company's Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee. Prof. Pfetten is a distinguished diplomat and academic with a history of leadership in various educational and financial institutions. The CEO of U Power, Mr. Jia Li, expressed enthusiasm for Prof. Pfetten's appointment, highlighting the value of his diverse experiences and insights. The announcement was made through a press release on February 8, 2024.