Business Context and Reporting Period
This Form 6-K filing by U Power Limited covers the month of July 2026. The report details corporate governance changes, specifically the resignation of an independent director and the subsequent appointment of a replacement to the Board of Directors and its committees.
Financial Metrics
The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on personnel changes and does not contain financial performance data.
Material Changes
- Resignation: Jean Christophe Baron Von Pfetten resigned as an independent director and member of the audit, compensation, and nominating/corporate governance committees, effective June 30, 2026. The resignation was not due to any disagreement with the Company.
- Appointment: Bo Lyu was appointed as an independent director, effective July 1, 2026, to fill the vacancy. He was also appointed to the audit, compensation, and nominating/corporate governance committees.
Outlook, Risks, and Management Commentary
Management confirmed that Mr. Lyu qualifies as an independent director under Nasdaq and SEC rules. He brings over 10 years of experience in corporate financing and public company management, including prior roles as a financial controller and board secretary at various listed entities. The Company entered into an indemnification agreement and an independent director agreement with Mr. Lyu on July 1 and July 2, 2026, respectively. No specific risks, contingencies, or unusual items were disclosed in this filing.
Key Facts for Investor Verification
- Verify the independence status and background of the newly appointed director, Bo Lyu, as detailed in the filing.
- Review the full text of the Independent Director Agreement (Exhibit 10.1) and Indemnification Agreement (Exhibit 10.2) filed with this report.
- Confirm that the Board composition remains compliant with Nasdaq listing standards following the transition.