Business
Autozi Controlling Shareholder Announces Plan to Invest Up to USD 30 Million in Share Purchase at USD 5 Per Share, Reaffirming Confidence in Future Growth
Autozi (Stock Code: AZI), a leading operator of cloud-based supply chain platforms for China's automotive industry, announced today that its board of directors has received a Share Increase Commitment Letter from Dr. Zhang Houqi, the company's founder, controlling shareholder, and chairman. According to the letter, Dr. Zhang plans to purchase Autozi shares incrementally over the next 12 months at USD 5 per share, using personal funds totaling between USD 10 million and USD 30 million. This move
About this update from Autozi Internet Technology (global) Ltd.
[{"type":"text","content":"BEIJING, Jan. 28, 2026 /PRNewswire/ -- Autozi (Stock Code: AZI), a leading operator of cloud-based supply chain platforms for China's automotive industry, announced today that its board of directors has received a Share Increase Commitment Letter from Dr. Zhang Houqi, the company's founder, controlling shareholder, and chairman. According to the letter, Dr. Zhang plans to purchase Autozi shares incrementally over the next 12 months at USD 5 per share, using personal funds totaling between USD 10 million and USD 30 million. This move demonstrates his firm confidence in the company's long-term development and will help accelerate the execution of Autozi's three-year strategic plan.","length":704,"tagName":"p"},{"type":"text","content":"As the only Nasdaq-listed company in China's auto parts industrial internet sector, Autozi has faced multiple challenges in the U.S. capital market since its listing. Its share price once fell to just a few cents, and the company entered Nasdaq's delisting hearing process due to non-compliance with minimum public float and share price requirements—an episode that drew considerable industry attention. The situation largely resulted from limited familiarity with U.S. market regulations and insufficient experience in managing post-IPO capital market pressures.","length":571,"tagName":"p"},{"type":"text","content":"Confronted with these difficulties, the Autozi team acted swiftly. Leveraging its long-established strengths in platform, data, and finance, along with mature operational expertise, the company implemented a series of corrective measures. It successfully addressed the compliance issues related to its listing status and, on January 14, 2026, formally received a Nasdaq compliance notice. Consequently, the delisting hearing originally scheduled for January 22 was canceled, eliminating the risk of delisting and clearing the path for the company's strategic advancement.","length":575,"tagName":"p"},{"type":"text","content":"While navigating the delisting crisis, Autozi—firmly positioned in China's multi-billion-dollar automotive aftermarket—reorganized and unveiled its three-year strategic framework: "Turn to Profit, Deepen in China, Expand Overseas." The strategy outlines three core pillars:","length":287,"tagName":"p"},{"type":"text","content":"Profit Tr...