JZXN · Jiuzi Holdings, Inc.

The filing reports a significant change in leadership at Jiuzi Holdings Inc. Tao Li resigned from all his positions as director, chairman, and CEO effective April 27, 2026, with no stated disagreement with the company. Hongye Zhang was elected by the remaining board members to fill the vacancy effective May 4, 2026. Zhang brings operational and technical experience from his roles at Beijing NEV Intelligent Cockpit Integration Project (Operations Director since 2019), Wuhan Lingdian Technology Automotive Electronic Control Co., Ltd. (Technical Director, 2014-2018), and Beiqi Foton Motor Co., Ltd. (Technical Supervisor, 2010-2014). He holds a Bachelor's Degree in Electronic Information Application from the People's Public Security University of China. The sudden departure of the former CEO and the appointment of a new leader with a technical background may signal a strategic shift for the company. Investors should monitor for any changes in corporate strategy or operations under the new leadership.