ECX · ECARX Holdings Inc.

The appointment of Lone Fønss Schrøder as Chairperson represents a deliberate governance enhancement by separating the Chairperson and CEO roles, with Ziyu Shen remaining CEO. Ms. Schrøder's extensive experience, including her Vice Chairperson role at Volvo Cars during its electrification and software transformation, positions her to guide ECARX's global strategy. Her background in automotive, technology, AI, and software-defined vehicles aligns with ECARX's focus on central computing, cockpit, and ADAS solutions. This move supports the company's ambition to derive 50% of revenue from global markets by 2030 and bolsters its European presence through her networks, including recent Chairperson role at Geely Sweden Holdings.