Autohome Inc. Announces Management Change

Rhea-AI Summary

Autohome Inc. (NYSE: ATHM) announced on June 21, 2022, that Mr. Haifeng Shao has stepped down from his role as co-president due to personal commitments, with no disagreements reported. CEO Quan Long expressed gratitude for Mr. Shao's contributions during his tenure. Autohome remains the leading online destination for automobile consumers in China, offering extensive services like dealer advertising, auto financing, and a full-service online transaction platform. The company aims to continue improving efficiency and facilitating transactions for automakers and dealers.

Positive

• Strong market position as the leading online automobile destination in China.
• Diverse service offerings including advertising, financing, and aftermarket services.

Negative

• None.

BEIJING, June 21, 2022 /PRNewswire/ -- Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today announced that Mr. Haifeng Shao has stepped down from his role as a co-president of the Company due to his other personal commitments. Mr. Shao has no disagreement with the Company.

Mr. Quan Long, Chairman of the Board of Directors and Chief Executive Officer of Autohome, stated, "On behalf of Autohome, I would like to express our sincere gratitude to Haifeng for his dedication and valuable contribution to Autohome during his term of service with the Company. We wish him continued success in all of his future endeavors." 

About Autohome Inc.

Autohome Inc. (NYSE: ATHM; HKEX: 2518) is the leading online destination for automobile consumers in China. Its mission is to engage, educate and inform consumers about everything auto. Autohome provides original generated content, professionally generated content, user-generated content, and AI-generated content, a comprehensive automobile library, and extensive automobile listing information to automobile consumers, covering the entire car purchase and ownership cycle. The ability to reach a large and engaged user base of automobile consumers has made Autohome a preferred platform for automakers and dealers to conduct their advertising campaigns. Further, the Company's dealer subscription and advertising services allow dealers to market their inventory and services through Autohome's platform, extending the reach of their physical showrooms to potentially millions of internet users in China and generating sales leads for them. The Company offers sales leads, data analysis, and marketing services to assist automakers and dealers with improving their efficiency and facilitating transactions. Autohome operates its "Autohome Mall," a full-service online transaction platform, to facilitate transactions for automakers and dealers. Further, through its websites and mobile applications, it also provides other value-added services, including auto financing, auto insurance, used car transactions, and aftermarket services. For further information, please visit www.autohome.com.cn.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates" and similar statements. Statements that are not historical facts, including statements about Autohome's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. Further information regarding these and other risks is included in Autohome's filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Autohome does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Autohome Inc. 
Investor Relations
Sterling Song,
Investor Relations Director
Tel: +86-10-5985-7483
E-mail: ir@autohome.com.cn 

The Piacente Group, Inc. 
Jenny Cai
Tel: +86-10-6508-0677 
E-mail: autohome@tpg-ir.com 

In the United States:

The Piacente Group, Inc.  
Brandi Piacente
Tel: +1-212-481-2050
E-mail: autohome@tpg-ir.com 

View original content:https://www.prnewswire.com/news-releases/autohome-inc-announces-management-change-301571499.html

SOURCE Autohome Inc.

FAQ

What recent management change occurred at Autohome (ATHM)?

On June 21, 2022, Autohome announced that Haifeng Shao stepped down as co-president due to personal commitments.

What is the impact of Haifeng Shao's resignation on Autohome (ATHM)?

The resignation had no reported disagreements and CEO Quan Long expressed gratitude for Mr. Shao’s contributions.

When was the management change at Autohome (ATHM) announced?

The management change was announced on June 21, 2022.